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$M said it expects to close 35-40 stores in early 2016 and will close down more stores in the future. $M's target is to reduce SG&A by $500MM on an annual basis by 2016. Further, $M expects to reduce capital spending for the next year by about $1Bil and for FY15 it expects capital spending of about $1.2Bil.
$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 !!