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The coffee company $SBUX reported lower 1Q16 results compared to the previous year as 1Q15 results included Starbucks Japan acquisition-related items. Net earnings attributable to $SBUX fell 30% to $687.6MM or $0.46 per share in 1Q16 compared to $983.1MM or $0.16 per share in 1Q15. Total revenues rose 13% to $4.8Bil.
$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?