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Property casualty insurance provider $WRB reported lower earnings in 2Q16 compared to 2Q15, hurt by higher expenses. Net income was $109MM or $0.85 per diluted share compared to $123MM or $0.95 per diluted share last year. Total revenue in the quarter grew about 3.7% from the same period last year to $1.86Bil.
Biodefense therapeutics firm $PIP announced an all-stock merger with biotech Altimmune. The respective boards of the two companies unanimously approved the merger.
$YHOO is reporting today after market close. Nobody cares about this stock.