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$ADP's total reported expenses rose 6% for 1Q16 vs. 1Q15. The increase is primarily due to increased costs to service $ADP's expanding client base to support its growing revenue. Total expenses also rose due to an increase in selling expenses to support growth in new business bookings. These increases were partially offset by FX translation impact.
$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.