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$BBRY retired its convertible debt of $1.25Bil just after 2Q17-end and replaced it with a convertible note of $605MM. By retiring the previous debt early, the company will save over $50MM a year in interest payments. The company expects to be free cash flow positive in 4Q17 and maintain its positive EBITDA outlook for the full FY17.
$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.