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$NSC said it would rather keep its focus on a number of ongoing revenue growth initiatives focused on pricing discipline and merchandise growth than accepting the acquisition offer. The company said a transaction with Canadian Pacific would face substantial regulatory risks and uncertainties that are highly unlikely to be overcome.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.
It is official, with $T buying $TWX, it looks like distributors want to own the content production too. Expect some good competition between Netflix ($NFLX), AT&T, Comcast ($CMCSA) and others. However, will this be good for the consumers will not be decided soon.
$NFLX a monster move, going up. Expect making some money on Monday.