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$FL said it invested $66MM of capital in the business during 2Q16, as the company executes its elevated CapEx program in 2016. The company is expected to come in $5-10MM below the $297MM target set at the beginning of 2016. The shortfall is mainly due to the timing of certain substantial projects related to stores and infrastructure initiatives.
Biodefense therapeutics firm $PIP announced an all-stock merger with biotech Altimmune. The respective boards of the two companies unanimously approved the merger.
$YHOO is reporting today after market close. Nobody cares about this stock.