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$L 2Q15 Call: Last year, CNA’s earnings contribution to Loews included a$ 50MM non-recurring benefit from a post-retirement medical plan curtailment. This year, CNA’s earnings contribution was reduced by $49MM, attributable to retroactive reinsurance charge related to the loss portfolio transfer entered into by CNA and National Indemnity in 2010.
$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?