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$RL 1Q16 Q&A: For the inventory question asked by Buss of Credit Suisse, Bob replied that inventory was up about 8% at the end of 1Q16 and it was impacted by the timing of receipt plans & getting ready for the launch of Polo Sport, the expansion of Polo Women’s and the opening of new stores. RL is comfortable with the inventory levels, added Bob.
$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?