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Producer of floor covering products $MHK said that 4Q15 operating margin was 13.9%, up 260 BP and operating income would have been $12MM higher using a constant exchange rate. 4Q15 income tax rate, excluding unusual items was 18.7% vs. 19% in 4Q14. The company expects 1Q16 income tax rate to be 25% and the full-year 2016 rate to be between 24.5-25.
$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.