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$SJM 1Q16 Call: Non-GAAP operating income increased $81MM or operating margin declined 130BP to 15.5%. Longer-term, we anticipate margins to improve as synergies from integration activities are realized. Our effective tax rate was 38.8% in first quarter and we now expect the full-year effective tax rate to be approximately 35%.
$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?