Want to join the conversation?
$EMR said it agreed to sell Network Power to Platinum Equity and a group of co-investors. The transaction is valued at $4Bil and $EMR will retain a subordinated interest in Network Power. The sale of Network Power is expected to close by Dec. 31, 2016. Network Power will continue to be led by Scott Barbour, who has been EVP of $EMR.
$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.