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$SXI's sales from Food Service Equipment for 4Q16 slid 9%, on continued softness in Refrigeration. Engraving sales rose 3.2% on 7.7% organic growth. Engineering Technologies sales fell 8.7%, on lower demand in oil and gas markets. Electronics Products sales rose 11% on purchase of Northlake, and Hydraulics Products grew 15.3%.
$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?