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$EL's opex as a percentage of net sales rose to 61% in 2Q16 vs. 60.4% in the prior-year period. The increase primarily reflected the FY16 charges associated with restructuring activities of approx. 60 BP and higher costs associated with store operations of approx. 40 BP. Also contributing to the increase was higher G&A expenses of approx. 50 BP.
$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 !!