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$LEN had approx. $511MM of homebuilding cash and $500MM of borrowings under its $1.6Bil revolving credit facility in 1Q16. In March, $LEN issued $500MM of 5-year senior notes at 4.75% which will be used for working capital and to retire its $250MM 6.5% senior notes. This will reduce the borrowing rate while extending maturities.
$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 !!