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Luxury lifestyle brand $KORS' FY16 revenue grew 7.8% versus FY15, mainly due to increase in non-comparable retail store sales and wholesale sales. FY16 included incremental net retail sales attributable to the 53rd week and incremental revenue due to consolidation of MK Panama and acquisition of MK Korea in FY16.
$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?