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Insurer $PGR reported a 47% drop in 2Q16 earnings due to wider net impairment losses. Net income fell to $190.9MM or $0.33 per share from $363.3MM or $0.62 per share last year. Total pretax net realized gains on securities fell to $32.3MM from $76MM. Net premium written grew 13% to $5.93Bil and net premiums earned increased 11% to $5.56Bil.
$SBUX launched its annual “Starbucks for Life” competition in the U.S. and Canada. The winner of the competition will receive a credit of one drink or food item per day for a duration of 30 years.
$T shares rose 1.8%, as a big boost for the S&P 500. The company said its new streaming television service DirectTV has so far exceeded expectations.
$TXMD flying high.. anyone here to catch..?
$CMG crashing. There seems to be nothing good to read about this company.