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$SJM 1Q16 Call: Cash provided by operations was $305MM for the quarter compared to a use of cash of $8MM in the prior year. Along with higher income, depreciation & amortization, this increase reflects lower working capital needs, driven by lower green coffee cost & ending inventory compared to the prior year &timing benefit tax payments & refunds.
$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?