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Manufacturing solutions provider $SANM said its BoD has authorized a stock repurchase program of up to $150MM of the company's common stock, effective upon completion of the current program. To date, about $63MM remains available under current program approved by the Board in Sept. 2015. The new repurchase program has no expiration date.
$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.