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$GIS' U.S. Retail segment net sales totaled $2.76Bil in 2Q16, down 4% from 2Q15 due to lower pound volume. International businesses net sales declined 12% to $1.16Bil, as foreign currency exchange reduced net sales growth by 15 percentage points. Net sales for the Convenience Stores and Foodservice segment totaled $506MM, 4% below year-ago levels.
$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?