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$KR's effective income tax rate was 34.4% in 2Q15, slightly up from 34.2% in 2Q14. The effective income tax rate differed from the federal statutory rate mainly due to the benefit from the favorable conclusion of certain tax audits and utilization of tax credits and deductions, partially offset by the effect of state income taxes.
$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.