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Investment bank $MS reported a 14% drop in 2Q16 earnings due to lower revenue across its business segments. Net income fell to $1.43Bil or $0.75 per share from $1.67Bil or $0.85 per share last year. Net revenues declined by 9% to $8.91Bil. $MS said results reflected execution of its disciplined expense management strategy.
$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?