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$CPB said that in Americas Simple Meals and Beverages organic sales were comparable to the prior year at $842MM in 4Q16, driven by double-digit gains in Prego pasta sauces and Plum products. This was offset by declines in V8 beverages and ready-to-serve soups. Operating earnings grew 4% in the quarter.
$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?