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On Oct. 27, 2015, the IRS approved a change in accounting method requested by $NOC. This change is expected to increase $NOC's 4Q15 federal income tax expense by about $25MM due to lower deductions for domestic production activities. It is also expected to increase 4Q15 unallocated corporate expense for state income taxes by about $45MM.
$NFLX a monster move, going up. Expect making some money on Monday.
$AMD down more than 6% even after posting above consensus third quarter results.
$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!