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$ADS repurchased approx. 3.4MM shares for $951.6MM in 2015. Effective Jan. 1, 2016, the company acquired an additional 10% ownership interest in BrandLoyalty for approx. $102.2MM, bringing its total ownership interest in BrandLoyalty to 80%. $ADS recorded a liability of $98.9MM for the acquisition of the additional 10% ownership.
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.