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On $HRB’s discontinued operations, net loss of $3MM was an improvement of $4MM, primarily driven by a provision for potential losses related to Sand Canyon's representation of warranty obligations in 1Q15 versus no such provision recorded in 1Q16. At July 31, Sand Canyon's representation of warranty accrual was consistent with prior quarter $150MM.
$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.