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Home improvement company $LOW reported a sharp decline in net income to $11MM or $0.01 per share in 4Q15 from $450MM or $0.46 per share in 4Q14, hurt by a non-cash impairment charge related to the Australian JV exit. Sales rose 5.6% to $13.2Bil from last year. Adjusted net earnings were $541MM or $0.59 per share and comparable sales grew 5.2%.
$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?