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$HSY said it increased its annual savings target for improvement and productivity programs from about $50-70MM a year to about $100MM per year for the three years beginning in 2017. The incremental $120MM in savings results in a three-year $300MM initiative that should enable the company to invest in brands and deliver on earnings objectives.
$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?