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Post-it notes, industrial coatings and ceramics maker $MMM reported a decline in 2Q16 earnings due to lower sales, despite a rise in EPS on lower weighted average common shares outstanding. Net income was $1.29Bil or $2.08 per share compared to $1.3Bil or $2.02 per share last year. Net sales slid to $7.66Bil from $7.69Bil.
$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?