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Along with the return of capital plan, $CDK also said it entered into an accelerated share repurchase agreement to buy back $250MM of its share. $CDK expects to complete the process within six months after its execution. The plan will be funded by the new $250MM term loan and cash.
$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 !!