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Property and casualty insurer $AIG said as part of its strategic plan, the company intends to reduce and narrow its hedge fund allocation. This is expected to lead to greater risk adjusted returns and contribute to the company's $25Bil return of capital through 2017.
$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.