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$AA's SG&A & other expenses rose $28MM in 1Q16 compared to the year ago period. The increase was mainly driven by new SG&A related to inorganic growth in the Engineered Products and Solutions segment and expenses for professional and consulting services related to the planned separation of Alcoa. SG&A as a percentage of sales rose to 5.3% in 1Q16.
$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.