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Related to business reorganization, $GWW recorded a one-time benefit with the majority expected to be paid in 2016. Severance cost of about $16MM was recorded in 1Q16. Reserve balance as of March 31, 2016 was about $37MM and is included in accrued compensation and benefits.
$YHOO is reporting today after market close. Nobody cares about this stock.
$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.