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Manufacturer of branded food products $SJM reported higher earnings, helped by a 25% increase in 4Q16 net sales, reflecting the incremental contribution from Big Heart Pet Brands, acquired in 4Q15. Net income was $191MM or $1.61 per diluted share in 4Q16 versus a net loss of $90.3MM or $0.82 loss per share in 4Q15. Non-GAAP diluted EPS was $1.86.
I haven’t seen a drop in banks like this in a long time. Looks like $WFC is still facing pressures from its sales practices scandal..!!
Helping President-elect's America first focus, $WMT set to create 10,000 retail jobs in the US in 2017.
Looks like Trump has his eyes on the $MON and Bayer merger next. He had a meeting with the CEOs and apparently got job promises from them.