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In 4Q15, $MDT began a restructuring program related to the acquisition of Covidien. $MDT anticipates about $850MM in cost synergies to be achieved as a result of the acquisition through FY18. Restructuring charges are expected to be primarily related to employee termination costs and costs related to manufacturing or building site closures.
$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.