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Department store operator $KSS said that on Feb. 25, 2016, it announced plans to close 18 underperforming stores in FY16. The company expects to incur $150-170MM in charges due to these planned closures and organizational realignment at corporate offices. Approx. $55-65MM of the charges will be recorded in 1Q16 with the remainder in 2Q16.
$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?