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Consumer Edge Research analyst David Schick asks about the use of guarantees long-term. $BID CEO Tad Smith says that guarantees are a liability that could be used as cash. When there is inflection point in the market and when there is a lot of attractive uses for cash, the combination of these two should make it conservative on guarantees.
$YHOO is reporting today after market close. Nobody cares about this stock.
$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.