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$YUM's EPS excluding special items increased 14%, an improvement from 7% EPS decline in 1H15. Worldwide restaurant margins at company-owned stores were 18%, up 3 percentage points versus prior year and the EPS growth was impacted by foreign currency translation of nearly 6 percentage points, including unexpected devaluation of RMB in mid-Aug.
$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?