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Discount retailer $FRED reported a wider 2Q16 loss due to lower sales, and a 2% decline in comparable store sales. Net loss widened to $6.93MM or $0.18 per share from $4.88MM or $0.13 per share last year. Net sales slid by 3% to $529.5MM.
$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?