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$XL said its subsidiary, XL Life, agreed to reinsure a block of U.S.Term Life treaties to a subsidiary of $RGA.The deal includes all U.S.Term Life reinsurance policy reserves & cedes 80% of remaining life reinsurance premiums not included in sale of its life reinsurance subsidiary. With this deal, $XL expects to book a net GAAP loss of about $34MM.
$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.