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In FY16, $KORS' royalties earned on licensing agreements rose 0.9% versus FY15, mainly due to higher revenue earned on licensing agreements related to jewelry, eyewear and outerwear sales. $KORS opened 47 stores in The Americas, 44 stores in Europe and 51 stores in Asia, bringing total store count to 668 at end FY16.
$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?