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$PNW said higher O&M was the main headwind to 1Q16 earnings compared to 1Q15, largely driven by the major plant outage at Four Corners unit 5 that began in late Jan. In line with expectations, the outage cost decreased earnings by about $0.13 QoverQ. Four Corners unit 4 and 5 planned outages will conclude in 2Q16, providing headwind to earnings.
$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?