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$YHOO said it has reached an agreement with Starboard Value LP and its affiliates under which four new independent directors, Tor Braham, Eddy Hartenstein, Richard Hill, and Jeffrey Smith, Starboard's CEO and CIO, will join the board, effective immediately. Jeff Smith will also join the Strategic Review Committee.
$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.