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$KORS 1Q16 Q&A: For the question on free cash flow asked by Chen of Cowen, Joe replied that the first priority will be to invest in the company; second priority will be to repurchase shares; and third priority will be to invest for the future. The company is going to be very conservative and have a strong balance sheet, replied Joe.
$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.