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Asset manager $BLK reported a 6% rise in 4Q15 earnings as organic growth and improved alpha-generation more than offset impact of market and foreign exchange volatility. Net income rose to $861MM or $5.11 per share from $813MM or $4.77 per share last year. Revenue grew by 3% to $2.86Bil. However, adjusted EPS fell to $4.75 from $4.82.
$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?