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Footlocker Higher After Better-Than-Expected 1Q Results

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  • Description

    FBN's Tracy Byrnes breaks down afternoon market news.

  • Duration 0:54
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I'm Tracy Byrnes of the Fox Business -- -- -- says the IRS.

Confirmed the divisions tax free status in the spin off of its North American -- unit.

That once the transaction is complete in the will be an independent public company operating -- Kraft Foods group.

The shares are climbing higher after posting better than expected first quarter results.

That this marks the ninth straight quarter of your every year sales and earnings growth for the company.

And with Greece possibly leaving the -- international drug makers are reportedly weighing emergency plans in efforts to avoid -- help -- catastrophe in the country.

Reuters reports executives at leading drug companies especially -- -- putting your.

Our concern about the effect on Greek imports expectation drops out of Europe and returns to devalued drachma.

And that's the latest from the Fox Business Network giving you the power.

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