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$MMM 2Q15 Call: We saw continued strength of the US dollar, which reduced company-wide sales by 7.3% as a result, total sales declined 5.5% to $7.7Bil. We increased 3M’s operating margins to 23.9% up 1.1 percentage points, this marked 7th consecutive quarter on a year-on-year margin expansion.
$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?