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Insurance company $XL reported a decrease in operating net income to $103.4MM or $0.35 per share in 1Q16 compared to $194.4MM or $0.75 per share in 1Q15 hurt by integration costs and natural catastrophe losses. Net income attributable to ordinary shareholders was $21.8MM or $0.07 per share. Total adjusted revenues rose to $2.51Bil from 1Q15.
$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.