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General merchandise stores operator $FRED said its BoD has appointed Thomas H. Tashjian as the new Chairman of the Board. Mr. Tashjian, who is a director of the company, succeeds Michael J. Hayes, who will step down as Chairman on April 15, 2016. With this succession, Mr. Hayes becomes Chairman Emeritus and will remain on the BoD.
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.