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$XL 2Q15 Q&A: Pan from Morgan Stanley asked about expense ratio, how much that is the accounting adjustments impacted overall for XL. Pete replied there is about $15MM adjustment in amortization expense that hits the commission & brokerage line for the quarter. I’d expect that to decline slowly over time until it expires in quarter five or six.
$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!