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Petroleum and natural gas E&P company $CHK said that it has made an agreement to transfer its interests in the Barnett Shale to Saddle Barnett Resources, LLC and terminate its future commitments related to this asset. $CHK is expected to pay $334MM in cash to energy company $WMB, with Saddle Resources expected to pay an additional sum.
$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.