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Utility services holding company $EXC reported a drop in 2Q16 earnings due to incremental debt and equity costs incurred in connection with PHI merger. Net income fell to $267MM or $0.29 per share from $638MM or $0.74 per share last year. Operating revenues grew to $6.91Bil from $6.51Bil. Adjusted EPS increased to $0.65 from $0.59.
$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?