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$BBBY, which competes with $TGT and $WMT, said it estimates depreciation expense of approx. $290MM for 2016. Annual net interest expense is estimated to be $75-80MM. The company expects its full year 2016 tax rate to be in the mid to high 30s percentage range. $BBBY anticipates less favorable distinct tax dollars in 2016 as compared to 2015.
$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?