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$ACN's cost of services for FY15 rose $915MM or 4% over FY14 and increased as a percentage of revenues to 70.2% from 69.6% during FY14. FY15 gross margin decreased to 31.6% from 32.3% in the previous year, principally due to higher labor costs, increased usage of subcontractors and higher non-payroll costs.
$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?