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$RL said that Americas net revenue fell 11% in 1Q17 as it continued to see pressure in the US department store channel. Net revenues in Europe rose 14% on a reported basis and grew 15% in constant currency, driven by benefit from timing of shipments. Asia revenues rose 3% on a reported basis and was flat in constant currency vs. 1Q16.
$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?