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$TSN's Chicken segment operating income was $381MM in 3Q16, with 13.9% return on sales. The segment has grown value-added sales by 5% and reduced commodity sales by 10%. Operating income in Beef segment was $91MM with a 2.4% return on sales and operating income for Pork segment was $122MM with 9.6% return on sales for 3Q16.
$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?