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$JCP 2Q15 Call: For 2Q15, we met or exceeded expectations on a number of key metrics. Comparable store sales gain was 4.1%. GM improved 100 BPs to 37% of sales. SG&A expenses down $63MM representing a 310 BPs improvement from last year. Operating income improved a 120 BPs to 46% over the last year and EBITDA improved 28% to $115MM.
$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?