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In Aug. 2015, $M formed a joint venture with Hong Kong-based Fung Retailing Limited to explore retailing in China. The JV, which is 65% owned by $M, will start with an e-commerce pilot initiative and plans to begin selling merchandise in China in late 2015.
$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.