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Spices, herbs, and flavorings manufacturer $MKC reported higher 2Q16 results helped by higher operating income and net sales. $MKC said net income rose 11.26% to $93.8MM or $0.73 per share from $84.3MM or $0.65 per share a year ago. Net sales for the quarter rose 3.92% to $1.06Bil. Excluding items, $MKC earned $0.75 per share.
$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?