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In 2011, $MKC purchased a majority interest in India entering the basmati rice business with an intention to springboard this business into other branded products. Certain parts of this business have led to underperformance. $MKC recently decided to exit certain low-margin product lines and focus more on higher-margin items and expansion plans.
$YHOO is reporting today after market close. Nobody cares about this stock.
$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.