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Membership warehouses operator $COST reported an increase in 4Q16 earnings helped by higher revenues. Net income was $779MM or $1.77 per share in 4Q16 compared to $767MM or $1.73 per share in 4Q15. Net sales grew 2% to $35.73Bil compared to last year.
$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?