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In Electric operations, $SCG's margin increased due to base rate increases under the Base Load Review Act (BLRA) of $19.8MM, weather of $10.7MM and residential and commercial customer growth of $6.8MM. These increases were partially offset by lower industrial margins of $2.4MM. Margin also decreased due to downward adjustments of $14.5MM in 2015.
$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?