Want to join the conversation?
$BKS completed the transition of certain NOOK functions to Bahwan CyberTek. Upon completion, the company shut down its Santa Clara and Taiwan offices. On an annualized basis, this action is expected to yield cash savings of $13MM, including $8MM of expense reductions starting in 2Q17.
$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.