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$GE completed the sale of its EMEA Commercial Distribution Finance (CDF) business to $WFC, representing aggregate ending net investment (ENI) of approx. $0.8Bil as at the end of 2Q16. In Oct. 2015, $WFC agreed to buy GE Capital’s global CDF and other businesses for total ENI of approx. $30MM.
$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.