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$MHK said SG&A as reported was $405MM or 17.5% sales in 2Q16. Marketing investments, mainly in the Ceramic and Flooring North American segments, continued during 2Q16. The company expects the SG&A percent to net sales to decline in 2H16, as spending slows and $MHK leverages its cost better with higher sales.
$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 !!