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Publisher $JW.A $JW.B reported a decline in 4Q16 earnings due to unfavorable impact of foreign exchange and transitional impact of shifting to time-based journal subscriptions. Net income fell to $34.21MM or $0.59 per share from $46.9MM or $0.79 per share last year. Revenue slid 2% to $434.3MM. Adjusted EPS decreased to $0.67 from $0.81.
$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?