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$PNTR said it has signed a binding agreement to buy Cielo Telecom, a fleet management services company based in South Brazil. In consideration for this acquisition, $PNTR will make a cash payment of about $6.5MM. CEO David Mahlab said $PNTR expects this acquisition to position it as one of leading fleet management companies in Brazil.
$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.