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During 2Q16, $WMT identified a material weakness in its controls over accounting for leases. This allowed for the misinterpretation and historical misapplication of ASC 840, Leases, regarding sale-leaseback accounting, including lessee involvement in the construction of leased assets. The company expects remediation to be completed by FY16 end.
$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 !!