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Cleveland, Ohio-based $SHW said the company's consolidated GM rose 280BP in 1Q16 to 49% of sales, driven by positive mix effect of Paint Stores Group. $SHW said Paint Stores Group comp store sales grew 9.4%, driven by higher organic paint and equipment sales across all end markets. Regionally, eastern division lead all divisions for the company.
$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?