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$DNB said it expects full-year 2016 tax rate to be about the same as the 31.7% rate in 2015. The company generated free cash flow of $115MM during the quarter. $DNB ended 1Q16 with $1.7Bil of debt, including about $1Bil of fixed rate senior notes and $700MM of floating rate debt. Cash balance was $366MM for net debt of approx. $1.4Bil.
$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?
After so much controversy and family issues in $VIAB over the recent months, Paramount brings in some good news. News is that they signed a $1 billion deal with Shanghai Film Group and Huahua Media. The material impact to Viacom however is still uncertain.