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$TMO's total company adjusted gross margin came in at 47.7% in 4Q15, down 130BP from the prior year. For the full year, adjusted gross margin was 48.3%, down 50BPs from 2014. The decreases in gross margin are primarily attributed to foreign exchange and unfavorable business mix.
$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.