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On May 31, 2016, $KORS acquired 100% of the stock of Michael Kors (HK) Ltd. and its subsidiaries, its licensees in the Greater China Region. The acquisition was funded by a cash payment of $500MM. Company will consolidate the acquired businesses into its operations beginning June 2016.
$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 !!