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$STT announced a multi-year plan to accelerate the next phase of its transformation program to generate roughly $500MM in annualized savings once fully implemented. Moreover, it plans to reduce nearly 600 positions on gross basis. The plan, expected to be completed by next year-end, will lead to saving of $50MM annually.
$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.