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Top breakfast cereal maker $GIS said that 3Q16 results were in line with expectations. Net sales, segment operating profit and adjusted diluted EPS results plunged, reflecting the effects of FX and the Green Giant divestiture. Net sales growth continues to be impacted by high competition in US yogurt & lower display merchandising for US Retail.
$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?