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Chinese e-commerce company $JD reported a narrower in 2Q16 loss on higher revenues. Net loss was RMB 132.1MM or $19.9MM, 74% narrower than 2Q15. Non-GAAP net income for the latest quarter was RMB 391.4MM or $58.9MM. Net revenues jumped 42% to RMB 65.2Bil or $9.8Bil, driven by higher revenue from e-commerce platform business and from direct sales.
$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 !!