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$TECH stated that its other non-operating expense for 4Q16 was $1.9MM compared to $0.9MM of non-operating income in 4Q15. Adjusted effective tax rate in 4Q16 was 31.6%, an increase of 40 BPs from last year due to a greater percentage of taxable income being generated in the US, driven in part by the Cliniqa acquisition.
$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.