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$SJM FY15 10-K: During 2015, SJM’s Top 10 customers, collectively, accounted for approx. 60% of consolidated net sales. Amounts expensed for research and development were $32.5MM, $24.3MM, and $24.7MM in 2015, 2014, and 2013, respectively. As of April 30, 2015, SJM had approx. $6.2Bil of short-term borrowings and long-term debt.
$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.