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$AVGO said that on March 2, 2016, its BoD approved the implementation of cost reduction activities related with the Broadcom Transaction. Related to this action, $AVGO expect to eliminate approx. 1,900 positions across all business and functional areas on a global basis. The company also expects to take charges of approx. $650MM through FY18.
$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.