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New York City-based $BLK said in 1Q16 it undertook a restructuring to streamline and simplify the organization. $76MM of restructuring charge mainly comprised of severance and accelerated amortization expense of previously granted deferred compensation awards for approx. 400 impacted employees.
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.