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Electric power provider $EIX reported a decline in 2Q16 earnings driven by lower revenues. Net income fell to $276MM or $0.84 per share from $379MM or $1.15 per share last year. Operating revenues slid to $2.78Bil from $2.91Bil. Core EPS decreased to $0.85 from $1.16.
$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?