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$KNDI 2Q15 Call: G&A expenses were $3.8MM, up 21.2% YoverY. JV Financials: net sales was $68.9MM; gross profit was $10.7MM; and the net profit was $1.6MM. KNDI recorded 50% of JV company profit, which is $0.8MM for 2Q15. Stock compensation expense increased by $2.5MM vs. 2Q14. Cash used in operating activities was $3.2MM vs. $34.1MM in 2Q14.
$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?