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$FLS 2Q15 Call: Adjusted GM down 60 BPs to 34.5%, excluding SIHI & realignment. Operating margin excluding adjusted items down 40 BPs to 15.5%. Backlog of $2.7Bil, including $132.2MM from SIHI acquisition, partially offset by approx. $103MM of negative FX effects. Returned more than $185MM to shareholders through repurchases & dividends YTD.
Does anyone feel $SBUX CEO Schultz stepping down could prove a disaster for the company?
$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.