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Popular clothing brand and retailer $GES reported a higher quarterly profit, helped by a special gain. The company reported 2Q17 earnings of $32.3MM, or $0.38 per share, up from $18.3MM, or $0.21 per share a year ago. Revenue was flat at $545MM. $GES said it recognized a gain from the sale of a minority interest investment of about $22.3MM in 2Q17.
$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?