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$EXPD's net cash provided by operating activities in 1Q16 was $236MM versus $134MM in 2Q15. The increase of $102MM for 1Q16 is mainly due to changes in working capital accounts. At March 31, 2016, working capital was $1.23Bil, including cash and cash equivalents and short-term investments of $1.01Bil. The company had no long-term debt at 1Q16-end.
$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?