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$PVH said for 2016, Calvin Klein business is expecting revenue to grow 5% on a constant currency basis, with operating margin increase of about 50 BP, excluding a negative impact of 150 BP of FX. Tommy Hilfiger is is expecting a 5% increase in revenue, with operating margin increase of 50 BP, while heritage business revenue is expected to fall 8%.
$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?