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$STZ said that during FY16, for the wine and spirits business, the company delivered overall earnings growth and margin expansion. The Canadian wine business exceeded its financial goals and grew market share. For FY16, consolidated gross profit rose $373MM or 14% YoverY for the company with GM rising 220 BP.
$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?