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In 2011, $MKC purchased a majority interest in India entering the basmati rice business with an intention to springboard this business into other branded products. Certain parts of this business have led to underperformance. $MKC recently decided to exit certain low-margin product lines and focus more on higher-margin items and expansion plans.
$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!