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Houston, Texas-based company $SYY saw an acceleration in product cost deflation in 2Q16 driven by key center-of-the-plate categories such as meat, poultry and pork and dairy. $SYY believes deflation headwinds will persist for the remainder of FY16. Total Broadline cases grew 3.4% and local cases grew 2.9% in 2Q16.
$YHOO is reporting today after market close. Nobody cares about this stock.
$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.