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In 1Q16, $XL's Property & Casualty combined ratio, excluding prior development and the impact of natural catastrophes, was 92.1%. Natural catastrophe losses totaled $53MM. Operating tax rate was approx. 11% with certain taxes on non-operating mark to market items driving the higher tax rate on net income.
$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?