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$RL's effective tax rate for 3Q16 fell to 27.5% from 28.6% last year. The rate were lower than the U.S. federal statutory tax rate of 35% principally as result of proportion of earnings generated in lower taxed foreign jurisdictions. The rate for 3Q16 was favorably impacted by tax benefits associated with provision to tax return adjustments.
$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?