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$TLRD said it had a slight decrease of 22 BPs in gross margin before occupancy in 1Q16. The company saw slight increases in gross margin rates for Men's Wearhouse, Moores and corporate apparel, K&G was flat and Jos. A Bank was below 1Q15. Occupancy costs were below last year by $2.7MM, as $TLRD has begun its previously announced store closures.
$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?