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Oil & gas explorer $PXD said it has priced $500MM of 3.45% senior notes due Jan. 15, 2021 at 99.75% of principal amount and $500MM of 4.45% senior notes due Jan. 15, 2026 at 99.889% of principal amount. $PXD plans to use the net proceeds of about $992MM for general corporate purposes and to pay certain fees and expenses related to the offering.
$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.