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$XL said the Reinsurance segment produced solid underwriting performance with 4Q15 combined ratio of 79.1% and underwriting profit of $154MM versus 61.2% and $156MM in 4Q14. Reserves releases totaled $93MM in 4Q15. Global property catastrophe portfolio fell 6%, with the US market down roughly 5% and the rest of the world down 7-8%.
$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?