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Maker of industrial equipment and tools $GWW said it is lowering its GM expectations by 80 BP. For 2016, the company expects GM to be down 130-150 BP vs. 2015 results. For 2Q16, the company expects GM to be down 130-150 BP vs. 2Q15 and OpEx to sales to be down 40-60 BP. For 2016, $GWW expects to close 50 more branches in the US.
Does anyone feel $SBUX CEO Schultz stepping down could prove a disaster for the company?
$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.