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For 3Q16, $DAL expects fuel price to be $1.52-1.57 per gallon, down 15% from the prior year. Operating margin is expected to be 19-21%. Capex will be about $750MM. The company expects to return $3.5Bil to shareholders in 2016 consistent with its goal of returning at least 70% of free cash flow through dividends and share repurchases.
$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?