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California-based company $MCY said the deterioration in 2Q16 operating earnings was primarily due to an increase in the combined ratio from 98.5% in 2Q15 to 101.7% in 2Q16. The 2Q16 results were negatively impacted by $22MM of unfavorable reserve development, $11MM of catastrophe losses and $2MM in severance payments.
$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 !!