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3Q15 corporate expense was $12.5MM compared to $7MM a year ago. The increase of $5.5MM or 78% is due to $4.4MM of higher incentive-based compensation expense in 3Q15 on $JOY's share-based compensation plans, as the prior year reassessment of performance-related measures did not recur, and to $1.5MM of increased acquisition and legal costs.
$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?