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Industrial products manufacturer $CR reported an increase in 1Q16 earnings. Net income in 1Q16 increased to $55MM or $0.93 per share compared to $51.1MM or $0.87 per share in 1Q15. Sales were $660MM, down 3% from 1Q15. The sales decline comprised of a 2% impact from unfavorable FX and a core sales decline of 1%.
$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?