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Retail company $KR reported an increase in 1Q16 results helped by higher sales. Net earnings grew to $680MM or $0.70 per share in 1Q16 versus $619MM or $0.62 per share in 1Q15. Total sales grew 4.7% to $34.6Bil from last year. Total sales, excluding fuel, grew 7.8% in 1Q16. Total sales, ex fuel and Roundy's, rose 3.5%.
$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?