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$CSX said it achieved about $230MM of efficiency gains in 1H16 and expects full-year productivity savings to approach $350MM. 3Q16 expenses are expected to benefit YoverY. $CSX expects 3Q16 avg. headcount to be down sequentially. Depreciation will increase around $20MM in 3Q16 versus the prior year. Capital investment in 2016 will be $2.7Bil.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.