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$KBH reaffirmed its previously disclosed financial targets for 4Q16. $KBH decided to sell more than 20 land parcels that no longer fit into its business plans, rather than sell and build homes on the parcels as previously intended. The company provided a range of estimated 4Q16 inventory-related charges of $30-40MM.
$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?