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$TEL said that 1Q16 sales of $2.8Bil were down 7% YoverY and down 1% in constant currency. This performance in the quarter was driven by strength in the Transportation segment and higher sales in SubCom. This along with tight cost control, more than offset Industrial segment being a little weaker than expected in the quarter.
$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?