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$NAV expects the Volkswagen Truck & Bus alliance to add to earnings beginning in the first year, and for cumulative synergies to ramp up to at least $500MM over first 5 years. By year 5, company expects the alliance to generate annual synergies of at least $200MM for $NAV.
$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.