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$MHK said SG&A as reported was $405MM or 17.5% sales in 2Q16. Marketing investments, mainly in the Ceramic and Flooring North American segments, continued during 2Q16. The company expects the SG&A percent to net sales to decline in 2H16, as spending slows and $MHK leverages its cost better with higher sales.
$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.