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$CAG announced restructuring plans to improve profitability, advance its growth agenda and unlock shareholder value. $CAG expects to realize at least $300MM of efficiency benefits within next 3 years through a combination of reductions in SG&A and enhancements to trade spend processes and tools.
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.
$VZ down more than 2% after a disappointing third quarter. A lot of uncertainty on the Yahoo deal too.