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$CB, which competes with $TRV, $AIG and $CNA, said that it estimates investment income run rate for a full quarter of approx. $810-825MM, whilst 1Q16 may be modestly lower due to the timing of the acquisition close. The company expects 2016 tax rate to be within 16-18%.
$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?