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Global diesel engine manufacturer $CMI said due to weak market conditions in 4Q15, it decided to scale back the range of light-duty engines that were to be manufactured in North America. $CMI reassessed the book value of its light duty manufacturing assets and recorded a non-cash pretax impairment charge of $211MM.
$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?