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Insurance underwriter $TRV reported a decline in 1Q16 earnings hurt by higher catastrophe losses mainly arising out of hail storms that occurred in Texas in late March. Net income fell to $691MM or $2.30 per share from $833MM or $2.55 per share last year. Revenue rose to $6.69Bil from $6.63Bil. Operating income per share slid 8% to $2.33.
$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?