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The tobacco company $RAI reported 3Q15 net income of $657MM compared to $467MM last year. $RAI said it had profit of $0.46, up 4.5% from a year ago primarily due to higher cigarette and moist-snuff pricing and volume. Adjusted operating margin for the quarter increased 6.4 percentage points to 44.4%.
$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?