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For 2016, $HBI expects the Champion Europe and Pacific Brands acquisitions to contribute $800MM in net sales and $70MM in operating profit. Company expects to incur $160MM pretax charges related to debt refinancing and the acquisition and integration of Hanes Europe Innerwear, Knights Apparel, Champion Japan, Champion Europe and Pacific Brands.
$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.