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At 3Q15-end, $PSX's cash and cash equivalents were $4.8Bil and debt was $9Bil. The company's debt-to-capitalization ratio was 27% and return on capital employed (ROCE) was 15%. Additionally, the company reported a YTD annualized return on capital employed (ROCE) of 16% and a YTD annualized adjusted ROCE of 15%.
$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?