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The design software and services company $ADSK said that it will terminate 925 employees, or about 10% of its workforce, as part of a corporate restructuring plan. $ADSK expects to complete the job cuts by the end of Jan'17. Restructuring charges are expected to be $85MM to $95MM of which $77MM to $85MM would be for employee termination 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?