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$JCP 2Q15 Q&A: Boss from JPMorgan asked about delta today between private label and national band gross margins. Ed replied our private brand margins today are slightly above our national level. Clearly, we are looking to get that back up to 300-400 BPs range above that. We think we can do that over the next two years.
$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?