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Appliances maker $WHR reported a jump in 4Q15 earnings driven by lower costs and expenses despite a fall in revenue. Net income rose to $180MM or $2.28 per share from $81MM or $1.02 per share last year. Sales fell to $5.56Bil from $6.0Bil. Excluding impact of currency, sales grew by 4%. Ongoing business EPS increased to $4.10 from $3.52.
$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?