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$HSY said China gross sales are forecasted to decline in 2016, but net sales are expected to increase 10-20% as the company does not anticipate the same level of direct trade returns, discounts and allowances as last year. $HSY will deliver approx. $135MM in total company cost savings in 2016 and at least $100MM per year from 2017 through 2019.
$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?