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$GPC's Office Products business reported a 5% increase in sales for 3Q16. Core sales for the office business were down 6%, primarily driven by weaker sales through the mega channel which was down low single digits. Sales through the independent retailer channel were down mid single digits.
$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?