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In retail, $CBRL was pleased with the success of its merchandise offerings during 4Q16 particularly the womenâs apparel category. As the qtr. progressed, the company experienced lower conversion rates and pressure on retail sales due to the lower YoverY store traffic. $CBRL is making progress toward its 3-year plan to reduce store operating costs.
$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?