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$CVG said that its profit margins continue to expand in 1Q16. Adjusted operating income rose 8% and operating margin improved 90 BP. The improved profitability is partly due to company-wide effort over the past year to deploy state-of-the-art workforce management tools, network infrastructure and several new corporate information systems.
$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?