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CEO Kurt Darrow said that as $LZB moves into summer months, furniture industry typically experiences weaker demand, and the company's plants shut down for one week of vacation and maintenance in July, during the 1Q17. Accordingly, 1Q is usually $LZB's weakest in sales and earnings. Also, FY17, unlike FY16, will be a 52-week year, Darrow added.
$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?