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During 1Q16, $ROP's income taxes as a percent of pretax earnings were 30.4% vs. 31.2% in 1Q15. The decrease in tax rate was due primarily to recognition of excess tax benefits in current year in accordance with stock compensation ASU adopted in 1Q16, as well as settlement of a state tax issue. $ROP expects 2016 effective tax rate to be approx. 30%.
$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?