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$BLK 2Q15 Call – Gary, CFO: Second quarter long-term net outflows of $7Bil reflected elevated market volatility, as $24Bil of net new business from active and iShares products, was more than offset by $31Bil of low fee institutional index outflows. This resulted in an organic asset growth rate significantly less than our target for the quarter.
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.