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$UA said total cash and cash equivalents for 1Q16 decreased to $157MM, compared with $225MM at March 31, 2015. Inventory for the quarter grew 44% to $834MM compared to $578MM at March 31, 2015. The company added that the strategy to improve wholesale customer service levels resulted in elevated inventory investments beginning in 2Q15.
Seems like $AMD has hit the right wind. Its stock was up almost 9% to $9.45 on Tuesday following reports that it signed a licensing deal with Intel.
$SBUX launched its annual “Starbucks for Life” competition in the U.S. and Canada. The winner of the competition will receive a credit of one drink or food item per day for a duration of 30 years.
$T shares rose 1.8%, as a big boost for the S&P 500. The company said its new streaming television service DirectTV has so far exceeded expectations.
$TXMD flying high.. anyone here to catch..?