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$VFC expects 2016 gross margin to improve by about 50 basis points to 48.8%, which includes about 70 basis points of headwind from changes in foreign currency. Operating margin is expected to reach 14.4%, including about 70 basis points from the anticipated negative impact of changes in foreign currency.
$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?