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California Water Service (Cal Water), unit of $CWT, will be authorized to invest $658.8MM in districts throughout California over 3-year period of 2016-2018 in order. Cal Water will be authorized to rise gross revenue by about $45MM in 2016, $17.2MM in 2017, $17.2MM in 2018, and up to $30MM upon completion and approval of advice letter projects.
$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.