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Snack foods manufacturer $LNCE said net revenue increased 15% in 1Q16 with contribution from Diamond Foods. Excluding Diamond Foods, net revenue declined slightly by 0.7% with 1.2% volume growth. Overall sales declined slightly due to food industry headwinds. Operating margins expanded 260BP.
$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?