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$KSS's working capital fell to $2.26Bil as of Oct. 31, 2015 from $2.42Bil at Nov. 1, 2014, and current ratio fell to 1.57 from 1.66. The decrease in working capital and current ratio are primarily due to $400MM draw on revolving credit facility during 3Q15 which was used to temporarily fund inventory purchases.
$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?