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Water utility $AWK reported a rise in 2Q16 earnings driven by higher results in the Regulated Business segment, as growth continues to be driven by regulated system investments and improved operating efficiencies. Net income rose to $137MM or $0.77 per share from $123MM or $0.68 per share last year. Operating revenues grew to $827MM from $782MM.
$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?