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$AMP 2Q15 Call: In long-term care disabled life reserve review, announced $32MM reserve increase. Auto & Home had operating loss, planned CAT loss of $23MM, but actual was $48MM. Booking reserves for 2015 accident year, at a level consistent with 2014 accident year loss ration assumption which was changed in 4Q15.
$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.