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$JCP 2Q15 PR: Net sales for the quarter increased 2.7% to $2,875MM compared to $2,799MM in 2Q14. Same store sales increased 4.1% for the period. Net loss for the quarter decreased 19.8% to $138MM compared to $172MM in 2Q14. Gross margin improved 100 BPs to 37% of sales, driven by improvements in clearance and promotional selling margins.
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?
After so much controversy and family issues in $VIAB over the recent months, Paramount brings in some good news. News is that they signed a $1 billion deal with Shanghai Film Group and Huahua Media. The material impact to Viacom however is still uncertain.
Looks like Uber will be paying $20 million to settle a US Federal Trade Commission lawsuit. FTC accused Uber of false and misleading claims about driver pay and stuff. Uber however neither denied nor admitted and will just be paying the $20 million.