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Defense contractor $LLL posted 4Q15 loss, hurt by charges of $2.93 per share. $LLL posted net loss from continuing operations of $60MM, or $0.76 loss per share in 4Q15, compared to net income of $201MM, or $2.34 in 4Q14. Revenue fell 3% to $2.9Bil. Excluding items, $LLL earned $2.16 from cont. ops.
$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?