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$GCO said FY17 tax rate is expected to be 36.4%. The company expects CapEx in the $110-120MM range, which is down from prior planned levels and including some investment in a planned expansion of the Journeys distribution center. Depreciation and amortization is estimated at $76MM and $GCO is assuming average shares outstanding of 20.4MM for FY17.
$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?