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$POM 1Q15 10-Q: On Feb. 26, 2015, District of Columbia FY15 Budget Support Act of 2014 became law, effective Jan. 1, 2015. Law revised apportionment methodology for corporate tax and included phase-down of corporate tax rate from 9.975% to 8.25% by FY19. Change in law required Pepco to re-measure net deferred tax liabilities in 1Q15.
$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!