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Healthcare products company $JNJ said restructuring actions in its Medical Devices businesses are expected to yield annualized pretax cost savings of $800MM to $1Bil, majority of which is expected by 2018-end, including about $200MM in 2016. $JNJ expects pretax restructuring charges of about $2-2.4Bil of which about $600MM will be recorded in 4Q15.
$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.