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In Jan. 2016, $MO announced a productivity initiative to maintain its operating companies' leadership and cost competitiveness. As a result of this initiative, $MO expects to incur total pre-tax restructuring charges of about $140MM or $0.05 per share, substantially all of which are expected to be recorded in 2016 and result in cash expenditures.
$YHOO is reporting today after market close. Nobody cares about this stock.
$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.