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Financial services company $STT said it has agreed to acquire GE Asset Management from $GE in a cash transaction with a total purchase price of up to $485MM. The transaction is expected to be finalized early in 3Q16. $STT expects the transaction to be accretive to operating-basis EPS for the first full 12-month period following closing.
$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.