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In Jan. 2016 $TXN announced its intention to phase out a small, older manufacturing facility in Greenock, Scotland, over the next three years. $TXN plans to move production from this facility to more cost-effective 200-mm TI manufacturing facilities in Germany, Japan and Maine, resulting in annualized savings of about $35MM per year.
$PYPL jumps 6% in after hours on strong results. I am bullish on this stock.
$TSCO stock remained active in the after hours trading and rose more than 2% after the retailer posted better than expected 1Q17 results.
Instagram has reached 700 million monthly active users. Looks like it will hit 1 billion soon. That would make it $FB’s fourth billion-user platform.