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$XRX CEO Ursula Burns said that the company has launched a strategic transformation program, targeting incremental savings of $600MM over three years. This brings the company-wide total cumulative savings target to $2.4Bil over the three year period, said Burns. In 2016, $XRX expects a total of $700MM in annualized savings.
$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.