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$CF, a North American manufacturer and distributor of agricultural fertilizer, reported a steep fall in 1Q16 profit as higher costs pushed margins down. The company reported earnings of $26MM, or $0.11 per share, compared to $231MM, or $0.96 per share a year ago. Revenue rose to $1.0Bil.
$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?