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$AMP said 2015 net revenue fell 1%, mainly due to a decrease in other revenue. Management and financial advice fees rose 2% and distribution fees fell 2% in 2015. Net investment income fell 3% to $1.7Bil, mainly due to decrease in investment income on fixed maturities. Premiums rose 5% due to an increase in auto and home policies in force.
$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?