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Asset management company $AMG posted lower 2Q16 earnings hurt by decline in revenue and elevated market volatility. $AMG said consolidated net income fell 3.79% to $182.7MM, or $1.97 per share from $189.9MM, or $2.31 per share a year ago. Revenue fell 14.3% for the quarter to $554.1MM. Economic EPS fell to $3.06 from $3.08 a year ago.
$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 !!