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Specialty retailer $CATO said sales for the five weeks ended April 2, 2016 were $118.8MM, up 2% versus the five-week period ended April 4, 2015. Same-store sales for the month fell 1%. Sales for the nine weeks ended April 2, 2016 were $203.6MM, up 3% versus the nine weeks ended April 4, 2015. YTD same-store sales were up 1% to the prior year.
$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?