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$IFF agreed to buy David Michael & Co., a privately-held flavors company headquartered in Philadelphia, PA, for undisclosed terms. The transaction, funded from existing resources, is expected to add about $85MM in revenue in 2017. Until deal closes, which is expected to occur in 4Q16, David Michael and $IFF will operate as separate companies.
$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 !!