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$CAG said its CFO and EVP John Gehring will retire after 14 years of service with the company. Gehring will remain in his current role until a successor has been named and will assist with an orderly transition. $CAG has initiated a search to identify a replacement for Gehring. $CAG reaffirmed its FY16 adjusted EPS outlook of $2.05-2.07.
$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.