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$GIS, owning brands like Gold Medal flour & Yoplait yogurt, said that the US cereal category has improved considerably since last year returning to growth in 4Q16. This was driven by stronger renovation and innovation aligned with present consumer interests. Full-year 2016 net sales for cereal business grew organically.
$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?