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San Francisco-based retailer $GPS reported that sales declined 4% YoverY to $2.01Bil during the five-week period ended Jan. 2, 2016. Comparable sales declined by 5% in Dec. 2015 vs. a 1% increase last year. Banana Republic same-store sales fell 9% and Old Navy fell 7%. Gap Global sales fell 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?