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$PVH said the joint venture will be formed by merging its unit PVH Mexico with Baseco, a wholly owned subsidiary of Axo and a distributor in Mexico of PVHâ??s Tommy Hilfiger brand products. The closing is expected to occur early in 3Q16. Terms of JV were not disclosed. $PVH expects this transaction to be neutral to its 2016 non-GAAP earnings.
$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!