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Apparel and accessories supplier $SSI said in 1Q16, comp sales in the Texas, Louisiana, Oklahoma and New Mexico stores were down 12.4%. Merchandise margins improved slightly and inventories were well-controlled. The company ended 1Q16 with inventories down 1% overall and down 4%, excluding cosmetics.
$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?