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$RAI said it ended 2Q16 with $1.9Bil in cash balances, which takes into account R.J. Reynolds' MSA payment of $2.3Bil in April 2016. In line with its previously stated commitment to deleverage as quickly and efficiently as possible, the company plans to repay its outstanding $500MM bond that matures on Aug. 4, 2016 with available cash on hand.
$SBUX launched its annual “Starbucks for Life” competition in the U.S. and Canada. The winner of the competition will receive a credit of one drink or food item per day for a duration of 30 years.
$T shares rose 1.8%, as a big boost for the S&P 500. The company said its new streaming television service DirectTV has so far exceeded expectations.
$TXMD flying high.. anyone here to catch..?
$CMG crashing. There seems to be nothing good to read about this company.