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Contract drilling services company $RIG announced the results of the cash tender offers by its wholly-owned subsidiary, Transocean Inc., to purchase up to $1Bil of 6.500% Senior Notes due 2020, 6.375% Senior Notes due 2021, and 3.800% Senior Notes due 2022. The offers expired on Aug. 1, 2016.
$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.