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Insurance giant $ALL reported a 26% fall in 2Q16 earnings, hurt by a 21% jump in catastrophe losses. For the latest quarter, $ALL reported earnings of $242MM, or $0.64 per share, compared with $326MM, or $0.79 per share a year ago. Consolidated revenue rose 2% to $9.16Bil.
$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?