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Steel and metal products maker $CMC reported a rise in 2Q16 earnings driven by narrower loss from discontinued operations, despite a decrease in sales. Net income rose to $10.5MM or $0.09 per share from $6.2MM or $0.05 per share last year. Net sales fell to $1.02Bil from $1.39Bil. Adjusted EPS for 2Q16 was $0.15.
$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?