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$PHM ended 1Q16 with $1Bil of cash, of which $465MM will be used to retire bonds maturing in May 2016. During 1Q16, the company repurchased 3.1MM common shares for $50MM, or an average price of $16.36 per share. Mortgage capture rate in 1Q16 was 81% compared with 82% in the year-ago period.
$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 !!