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Breakfast cereal maker $GIS said that during 3Q16, in advance of planned debt financing, it entered into $400MM of treasury locks with an avg. fixed rate of 2.1% due Feb. 15, 2017. The net notional value of commodity derivatives was $343.4MM as of Feb. 28, 2016, of which $146.9MM related to energy inputs & $196.5MM related to agricultural inputs.
$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.