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$SO's 1Q16 tax rate was 30.8%, down vs. 1Q15 mainly due to increased federal income tax benefits from ITCs and PTCs and lower pre-tax earnings in 2016. Net cash provided from financing activities was $0.7Bil, mainly due to issuances of long-term debt, partially offset by redemptions of short-term & long-term debt and common stock dividend payments.
$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?