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$CINF said The Cincinnati Insurance Companies' property casualty group expects 2Q16 results to include pretax catastrophe losses of $160-170MM, representing an impact on 2Q16 combined ratio of about 14.4-15.3 percentage points. $CINF expects 2Q16 property casualty combined ratio of 98-101%, including the effect of significant storm-related losses.
$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?