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Communications solutions provider $MSI recorded $5MM of net tax expense in 1Q16 resulting in an effective tax rate of 23%, compared to $40MM in the year ago quarter, resulting in an effective tax rate of 31%. The effective tax rate in 1Q16 was lower than the US statutory tax rate of 35% primarily due to the recognition of excess tax benefits.
$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?