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Retailer $ZUMZ reported a 1Q16 loss, hurt by charges and a general weakness in its business focused on the youth. The company reported a net loss of $2.1MM, or $0.08 per share for the latest reported quarter, compared to net income of $2.8MM, or $0.09 per share a year ago. Net sales dropped 2.6% to $173MM.
$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?