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Fuel expense of $NSC in 3Q15 decreased by $166MM or 43% YoverY. Depreciation expense was up 17% and other income increased 22% aided by $19MM in higher gains from sales of property, offset by decreased returns from corporate and life insurance. For FY15, effective tax rate is expected at 37.5% and for 4Q15 volumes are expected to decline.
$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?