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Healthcare products company $JNJ said restructuring actions in its Medical Devices businesses are expected to yield annualized pretax cost savings of $800MM to $1Bil, majority of which is expected by 2018-end, including about $200MM in 2016. $JNJ expects pretax restructuring charges of about $2-2.4Bil of which about $600MM will be recorded in 4Q15.
$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!