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Department store chain $JCP reported 4Q15 net loss of $131MM or $0.43 per diluted share versus net loss of $35MM or $0.11 per diluted share in 4Q14, hurt by higher COGS and pension expenses. Total net sales rose 2.7% to $4Bil versus $3.9Bil YoverY. Comparable store sales rose 4.1% in the quarter.
$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?