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Utility services holding company $EXC reported a decrease in 1Q16 results. Net income dropped to $173MM or $0.19 per share in 1Q16 compared to $693MM or $0.80 per share in 1Q15, hurt by the PHI merger-related costs and impairments. Adjusted net income was $632MM and adjusted diluted EPS was $0.68.
$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?