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In 1Q16, revenue at $VFC's Nautica brand was down 14%. Kipling's North America business was down 8% due to slower tourist traffic in D-to-C, including outlets. Kipling's global business was up 8% driven by strength in both wholesale and D-to-C in Europe and Asia-Pacific.
$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?