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$HSY said it increased its annual savings target for improvement and productivity programs from about $50-70MM a year to about $100MM per year for the three years beginning in 2017. The incremental $120MM in savings results in a three-year $300MM initiative that should enable the company to invest in brands and deliver on earnings objectives.
$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.