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$GIS, known for brands like Cheerios cereal and Yoplait yogurt, posted a 53% YoverY profit growth in 2Q16, but net sales fell 6%. Net earnings attributable to $GIS rose $530MM, or $0.87, from $346.1MM, or $0.56, a year earlier. Net sales fell to $4.42Bil from $4.71Bil, hurt by a strong dollar that reduced net sales growth by 4 percentage points.
$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?