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For 2016, $CMI expects Engine segment revenues to decline by 9-12%. The company is updating revenue guidance for Distribution to be between down 1% and up 1%. In Components, full-year revenue is expected to decline by 6-9%. Full year revenues for Power Systems is expected to decline 12-14%.
$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?