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$NSC announces restructuring of its subsidiary Triple Crown Services. $NSC intends to shift the focus of Triple Crown to automobile parts transport & downsize the employee count. $NSC will recognize restructuring costs of approx. $65MM in second half of the year. The restructuring is expected to be modestly accretive to earnings beginning in 2016.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?