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Automaker $F reported an decrease in 2Q16 earnings on higher costs and expenses, unchanged wholesales, lower market share and a fall in operating margin. Net income fell to $1.97Bil or $0.49 per share from $2.16Bil or $0.54 per share last year. Revenue grew to $39.49Bil from $37.3Bil. EPS, excluding special items, slid by 2 cents to $0.52.
$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?