Want to join the conversation?
Top breakfast cereal maker $GIS said that its cost-saving initiatives, which include projects Century, Catalyst, and Compass, as well as administrative cost savings from zero-based budgeting, generated $350MM in total annual savings in FY16, ahead of original target. The company is increasing its total annual savings target to $600MM by FY18.
$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.