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$SYK's other expenses increased due to higher net interest expense related to increased borrowings during 1Q16, mainly to fund the recently completed Sage and Physio-Control acquisitions. Adjusted effective tax rate of 17.4% reflects the benefits of the global tax structure and the permanent renewal of certain tax extenders.
$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.