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$GCO said 3Q17 to date consolidated comps through Aug. 27, 2016 were down 5%, with stores down 5% and direct up 3%. By division, total comps were down 7% at Journeys, down 7% at Schuh, down 1% at Lids, and up 1% at Johnston & Murphy. Gross margin for 2Q17 improved 150 BPs to 50.3%, due to better-than-expected results in several of the divisions.
$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?