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$MS 2Q15 PR: On May 11, 2015, Morgan Stanley announced a definitive agreement to sell Global Oil Merchanting unit of its Commodities division to Castleton Commodities International LLC. Segment Net revenues: Institutional Securities, $5.17Bil; Wealth Management, $3.87Bil; Investment Management, $751MM.
$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.