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Kearney, Nebraska-based $BKE said gross margin for 1Q16 was 38.9%, down approx. 300 BPs from 41.9% for 1Q16. The company added that selling expense for 1Q16 was 19.5% of net sales compared to 18.1% of net sales for 1Q16. General and administrative expenses were 4.4% of net sales, compared to 4.3% of net sales for 1Q15.
$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 !!