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$L 2Q15 Call: Last year, CNA’s earnings contribution to Loews included a$ 50MM non-recurring benefit from a post-retirement medical plan curtailment. This year, CNA’s earnings contribution was reduced by $49MM, attributable to retroactive reinsurance charge related to the loss portfolio transfer entered into by CNA and National Indemnity in 2010.
$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!