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$DOV 2Q15 Call: Net interest expense was $32MM. Corporate expense was $20MM, down $9MM from 2Q14, reflecting broad cost management initiatives and reduced compensation expense. Tax rate was 29.3%. CapEx was $44MM. Repurchased 4MM shares for $300MM and repurchased $500MM YTD. Expects to repurchase a total of $600MM in 2015.
$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.