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3Q15 revenue declined 9%, as pricing gains were more than offset by lower fuel recovery, continued transition in $CSX's business mix, and a 3% volume decline. Operating income was $933MM and operating ratio was a 3Q record of 68.3%. Low commodity prices and the strength of the US dollar continue to challenge many of $CSX's other markets.
$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?