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Greg Peters of Raymond James asks about rates in Mercury Insurance Company. $MCY said it has not made a decision on Mercury Insurance Company but believes rates are in line even after 2Q16. The company will be following the trends closely and there is a possibility that $MCY will file for a small rate increase in Mercury Insurance Company.
$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.