Want to join the conversation?
$CMI CEO Rich Freeland said, due to weakening market conditions, the company now expects to scale back the range of light duty engines it plans to manufacture in North America. The change in plans, combined with the uncertainty of winning additional customers for the V8 light duty engine resulted in a charge of $211MM in the quarter, the CEO said.
$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!