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Technical company $UTI unveiled a Financial Improvement Plan to generate operating income and improve EBITDA in 2017. The company will flatten the organization, streamline business processes and adopt cost-saving measures. $UTI expects to deliver $25-30MM in annualized cost savings. $UTI will incur a severance charge of about $4MM in 4Q16.
$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!