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In 4Q16, $BRC's revenues slumped 2.3% to $282.1MM vs. 4Q15. This decrease comprises of an organic sales decline of 0.9% and a decrease of 1.4% due to foreign currency translation. The company stated that it benefited from a lower than normal tax rate due to the conclusion of certain audits. Sales in Australia & US fell as a result of lower demand.
$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?