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$BBY said that capex for FY16 totaled $649MM and for FY17 capex is expected to be in the range of $650-700MM. For 1Q17, the company believes that the softness in mobile phones will continue and Enterprise comp sales is expected in the range of negative 1-2%, driven by continued softness in the mobile and tablet category.
$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?