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$TIF said its SG&A expenses rose 3% in 1Q16, largely reflecting increased store occupancy and depreciation expenses of $5.6MM and increased labor costs of $3.6MM. SG&A expenses as a percentage of net sales rose 4.7 percentage points due to the lack of sales leverage on OpEx. There was no translation effect on SG&A growth from changes in FX.
$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 !!