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Semiconductor devices company $MU posted 2Q16 net loss of $97MM or $0.09 loss per diluted share vs. net income of $934MM or $0.78 per diluted share in 2Q15. Non-GAAP net loss per diluted share was $0.05 for the quarter. Total net sales fell 29.5% to $2.93Bil vs. $4.16Bil in 2Q15, hurt by lower cost of goods sold during the quarter.
$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?