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$AMGN still sees restructuring to result in pre-tax accounting charges of $800-900MM, of which $668MM was incurred through March 31, 2016. The restructuring charges recorded in 1Q16 were not significant. $AMGN will incur most of remaining estimated costs in 2016 and 2017 in order to support ongoing transformation and process improvement efforts.
$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.