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$AVP said that it will reduce the company's headcount by approx. 2,500 positions as part of its three-year transformation plan. The company expects to realize pre-tax savings of approx. $30MM in 2016 associated with an approximate 1,700 headcount reduction, and expects to achieve annualized pre-tax savings of approx. $65-75MM beginning in 2017.
$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.