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$GIS's effective tax rate for 3Q16 was 31% compared to 25.5% for the previous year. The 5.5 percentage point rise was primarily due to less favorable impacts of U.S. federal legislation passed during 3Q16 and changes in earnings mix by country. After-tax earnings from JVs for the quarter rose to $16MM, driven by volume growth for Haagen-Dazs Japan.
$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?