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California-based company $MCY said the deterioration in 2Q16 operating earnings was primarily due to an increase in the combined ratio from 98.5% in 2Q15 to 101.7% in 2Q16. The 2Q16 results were negatively impacted by $22MM of unfavorable reserve development, $11MM of catastrophe losses and $2MM in severance payments.
$AAL is giving pay hikes to its employees but investors are sulking.
$APC stock tumbled more than 5.6% after last week's fatal home explosion in Firestone, Colorado prompted the company to close more than 3,000 wells for weeks.
Unicorn Frappuccino. The latest hit from $SBUX. Can't wait to see how this will affect its results.
At what point should $AMZN consider a stock split? $1000 per share seems pretty high.