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$LZB said it expects total CapEx for FY17 to be in the range of $35-40MM, as compared to about $25MM in FY16. The increase relates mainly to upgrade store plants and machinery equipment in order to maintain the company's competitive edge. The company also added that CapEx does not include store acquisitions.
$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?