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Upon closing of the sale, $CNL will retain local management and existing headcount. Customers will receive about $500 on average in rate credits. $CNL will extend its current formula rate plan and base rates for 2 more years, and will file a rate case by June 2019 for a new rate plan effective July 2020. The sale is expected to close in April.
$PYPL jumps 6% in after hours on strong results. I am bullish on this stock.
$TSCO stock remained active in the after hours trading and rose more than 2% after the retailer posted better than expected 1Q17 results.
Instagram has reached 700 million monthly active users. Looks like it will hit 1 billion soon. That would make it $FB’s fourth billion-user platform.