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On an LTM basis, US coal represented approx. 21% of sales and 12% of $JOY’s net AR balance as of 3Q15-end. Return on sales was approx. 11% vs. 15% in 3Q14. The company has realized approx. $40MM of YoverY savings from all its cost reduction programs and is on track to achieve $60MM of savings for 2015.
$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?