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$NWL 2Q15 Call: Normalized SG&A expense was $374.9MM or 24% of sales, which as a percentage of sales was flat to last year. A 140 BPs reduction of overheads fueled 150 BPs increase in advertising and promotion investment with all five segments benefiting from YoverY increases in A&P spend. Normalized operating margin was 16%, flat to last year.
$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?