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$KSS's net cash provided by operating activities for 9 months ended Oct. 31, 2015 decreased to $407MM from $930MM last year. The decrease reflects higher inventory levels and accounts payable payments, partially offset by lower tax payments. Merchandise inventories rose $281MM over balance at Nov. 1, 2014 to $5.3Bil at Oct. 31, 2015.
$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?