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$GIS initiated Project Compass in 1Q16, a restructuring plan to accelerate growth in International segment. $GIS expects to eliminate 725-775 positions as part of this project, incurring $62-65MM of net expense. $GIS recorded $53.6MM in six months ended Nov. 29, 2015 relating to this action. It expects to complete this action by the end of FY17.
$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!