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Video infrastructure products maker $HLIT announced the pricing of $125MM of 4% convertible senior notes due 2020 in a private placement to qualified institutional buyers. $HLIT has also granted the initial purchaser of the notes a 30-day option to purchase up to an additional $18.75MM aggregate principal amount of notes to cover over-allotment.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.