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New York City-based $CL said 1Q16 organic sales growth is well within its targeted range of 4-7%. Gross profit margin reached a longstanding goal of 60%. Advertising as a percent of sales was at a solid 10.6%, even with the year ago quarter, but up 230 BPs from 4Q15 behind strong new product activity.
$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?