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During 2015, $CMA's provision for income taxes was $229MM vs. $277MM in 2014. The $48MM decrease in the provision for income taxes was due primarily to the decrease in pretax income as well as a $5MM tax benefit from the early termination of certain leveraged leases.
$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.