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Ready-to-eat cereal and convenience foods maker $K said that 1Q16 operating profit and earnings exceeded the company's expectations. Pricing actions in Venezuela boosted the quarterly results, but even excluding Venezuela, $K's profit came in better than anticipated. Net sales, excluding Venezuela, came in below the company's expectations.
$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?