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Technology and consulting company $IBM said it generated over $2Bil of free cash flow in 1Q16, about half of this coming from the tax benefit. Over the last 12 months, the company has generated over $14Bil of free cash flow, which was 110% of GAAP net income. In the last year, $IBM returned about two-thirds of free cash flow to shareholders.
$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?