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During 1Q16, $LB announced strategic actions within the Victoriaâ??s Secret segment designed to focus the brand on its core merchandise categories and streamline operations. In 1Q16, operating income fell $49MM or 13%, to $323MM, and operating income rate fell to 12.4% from 14.8%. Net sales rose $102MM to $2.614Bil and comparable store sales rose 2%.
$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?