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Specialty retailer $CATO posted sales of $87.4MM for four weeks ended May 28, 2016, a 1% decrease vs sales of $88.5MM during the same period the prior year. Same-store sales for the month fell 2%. As of May 28, 2016, $CATO operated 1,372 stores in 33 states, compared to 1,353 stores in 32 states as of May 30, 2015.
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?
After so much controversy and family issues in $VIAB over the recent months, Paramount brings in some good news. News is that they signed a $1 billion deal with Shanghai Film Group and Huahua Media. The material impact to Viacom however is still uncertain.
Looks like Uber will be paying $20 million to settle a US Federal Trade Commission lawsuit. FTC accused Uber of false and misleading claims about driver pay and stuff. Uber however neither denied nor admitted and will just be paying the $20 million.
$C gets hit with a $25 million fine for spoofing charges. Interesting! This is the first time a bank has been hit with such charges.