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$WYN's cash used in investing activities for 2015 rose to $302MM from $276MM last year. This increase principally reflecting $62MM of higher acquisition payments primarily related to the acquisition of Dolce, partially offset by $15MM of higher proceeds from asset sales and a $13MM decrease in capital expenditures.
$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.