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$PYPL's transaction and loan losses increased by 43% in the three months ended March 31, 2016 compared to the prior-year period. Transaction losses were $157MM in the three months ended March 31, 2016, up 47%. Loan losses relating to loans receivable portfolio were $98MM in the three months ended March 31, 2016, up 38% from the prior year.
$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?