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$TSN's operating income grew 52% in 1Q16, which was led by record earnings in the Chicken and Prepared Foods segments and solid earnings in the Pork and Beef segments. Sales decreased 15% in 1Q16 primarily due to declining beef, pork and feed prices, in addition to the sale of the Brazil and Mexico chicken production operations in FY15.
$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?