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$CMC's Americas Fabrication segment recorded adjusted operating profit of $14.8MM for 2Q16 compared to loss of $5.8MM last year. The increase was primarily due to decrease in average composite material cost, which more than offset fall in average composite selling price and resulted in 15% per short ton rise in average composite metal margin.
$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?