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$OXM, owner of brands such as Tommy Bahama, said that consolidated GM in 1Q16 expanded slightly over 1Q15 with Lilly Pulitzer representing a greater proportion of net sales. SG&A rose mainly due to incremental cost associated with operating additional retail stores and restaurants, and the inclusion of Southern Tide transaction in OpEx.
$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?