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In 3Q15, $LOW's total customer transactions increased 2.8%. Gross margin of 34.75%, increased 26 basis points over 3Q14, helped by better sell-through of seasonal products and product cost deflation. The effective tax rate was 38% in 3Q15 and cash and cash equivalents at the end of 3Q15 were just over $1.2Bil.
$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?