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Paul Trussell of Deutsche Bank asks about margin expectations for Jos. A. Bank. $TLRD said it had three consecutive quarters of selling margin increase at Jos. A. Bank due to the reset of the pricing structure. The company expects similar increases to continue through 3Q16. $TLRD sees opportunities to elevate selling margins at Jos. A. Bank.
$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?