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Packaging products company $IP said in 2Q16, results for the Ilim JV were slightly lower than 1Q16 mainly due to planned maintenance outages in the quarter and some modest cost inflation. Industrial Packaging had another strong qtr. driven by seasonally stronger volume, good operational performance and some benefit from input costs.
$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.