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In 2Q16, $DRI's total operating costs and expenses were $1.53Bil and as a percent of sales, total operating costs and expenses decreased to 94.9%. Net interest expense increased as a percent of sales primarily due to the $35.6MM of debt retirement costs recorded in 2Q16. The effective income tax rate was 23.4% for 2Q16.
$DB is going to cut off services for about 3,400 clients in equities trading.
$F stock slid more than 2% after the company issued two safety recalls involving more than 650,000 Ford Fusion and Lincoln MKZ model cars.
The new CEO of $SBUX, Kevin Johnson, has some pretty large shoes to fill but there are many who have good faith in his ability to do so.
$TSLA opening a showroom in Michigan. A bold move !!