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Simeon Gutman of Morgan Stanley asks about flattish operating income target in FY17. Sharon McCollam, CFO of $BBY said that from a working capital point of view, the accounts payable to inventory ratio in FY16 was very low due to the shift of Super Bowl. In FY17, Super Bowl will be around the same time, but $BBY will expects to increase the ratio.
$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?