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Multiline insurer $ACE said it has appointed Bruce Kessler as Senior Vice President of the newly acquired $CB and Division President of Westchester. The appointment is effective once the acquisition is completed, which is expected in 1Q16. He will be responsible for integrating the E&S, small commercial and programs businesses within $ACE and $CB.
$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.