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Fast food restaurant chain $PLKI said during 1Q16 it repurchased approx. 554,000 shares of common stock for approx. $30MM. After 1Q16-end, the company repurchased approx. 81,000 shares of its common stock for approx. $4.4MM. $PLKI intends to adjust its capital structure and increase its total leverage ratio to a range of 2.5-3.5x by 2017-end.
$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.