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Bryan Spillane of Bank of America Merrill Lynch seeks $KHC's perspective on the challenging environment and declining consumption. COO Georges El-Zoghbi says the challenges accelerated aover the past 12 months. The company is trying to counter the trend by investing more in new product development program to support the company's big brands.
$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.