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In 2016, $MKC projects low single digit material cost inflation and believes its pricing to be a primary offset at a 1-2% rate, with the rate varying by operating unit. Company's CFO Gordon Stetz said that YTD cash flow from operations was a record $590MM compared to $504MM a year ago, driven by working capital improvements.
$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?