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On Jan. 27, 2016, $MO's BoD approved a productivity initiative to maintain the operating companies' leadership and cost competitiveness. This is expected to deliver $300MM in annual savings by end 2017. The company expects total pre-tax restructuring charges related to this of $140MM or $0.05 per share, expected to be recorded in 1Q16.
$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.