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$WMB will reinvest about $1.7Bil into Williams Partners through 2017, funded by lower quarterly dividends. Williams Partners will execute a new gas gathering deal with a new producer customer, a successor to $CHK, in the Barnett Shale. $WMB and Williams Partners will sell their Canadian businesses to Inter Pipeline for proceeds of CAD$1.35Bil.
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.