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Telecom network equipment supplier $CIEN reported lower earnings in 2Q16, hurt by higher OpEx and lower income from operations. 2Q16 net income was $14MM or $0.10 per diluted common share versus $20.7MM or $0.17 per diluted common share in 2Q15. Revenue was $640.7MM in the quarter versus $621.6MM last year. Non-GAAP diluted EPS was $0.34 in 2Q16.
$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 !!