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$L 2Q15 PR: Total expenses were $3,140MM compared to $3,047MM in 2Q14. Income from continuing operations was $170MM compared to $303MM in 2Q14, decrease is primarily due to lower earnings at CNA & less favorable performance of parent company trading portfolio as a result of lower returns on equities & limited partnership investments.
$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.