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Jack Daniel's maker $BF.B said its 2Q16 net income declined 3% and diluted EPS was flat at $0.97 compared to the prior-year period. For the quarter, the Jack Daniel's family of brands grew underlying net sales 7%, but declined 2% on reported basis. Jack Daniel's Tennessee Honey grew underlying net sales 14%.
$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?