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$GWW 2Q15 Call - Bill, IR: Gross profit margin in Canada declined 110BP vs. 2Q14, driven by unfavorable FX from products sourced from US, & inventory markdowns related to Toronto DC move. Excluding WFS, gross profit margins down 30BP. Operating earnings declined 51%, due to 9% sales decline, lower gross profit margins& negative expense leverage
$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?