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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.
Any idea why some investors are happy about the disastrous $UA results??
Wow! GM killed it with earnings today! Did not expect this after $F gave the feeling it will eclipse the Chevy maker completely!
Oil rebound starting to show up in energy stocks. $XOM $CVX
I have a feeling "CLOUDy" days are ahead, with $AMZN leading the pack.
$AAL is giving pay hikes to its employees but investors are sulking.