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BoFA Merrill Lynch analyst George Staphos probes what drove the SG&A guidance in FY16. $BRC says that the biggest driver was the operational efficiency versus the SG&A reductions. The company's SG&A improvements were coming a bit slower than anticipated, so GM was clearly the driver of the performance vs. initial guidance.
$YHOO is reporting today after market close. Nobody cares about this stock.
$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.