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In 1Q16, in $LII's Commercial business, revenue was up 8% in constant currency and segment profit rose 84%. Commercial segment margin expanded 350BP to 8.3%. In North America, commercial equipment revenue was up high single digits at constant currency. National account equipment revenue was up mid single digits.
$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?