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$M's 1Q16 comparable sales on an owned basis fell 6.1% and on an owned plus licensed basis fell 5.6%. Consumer spending weakness in apparel and related categories negatively impacted sales in the quarter. Sales were weaker in handbags, fashion watches, women's shoes, kids, men's furnishings and luggage.
$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?