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$AXP said it expect its relationship with Costco in the US to end in June. The company expects the gain on the sale to approximate $1Bil. $AXP expects the portfolio sale gain to be partially used to fund spending on growth initiatives throughout 2016 and expects total spending on growth initiatives during 2016 to be consistent with 2015 levels.
$SBUX launched its annual “Starbucks for Life” competition in the U.S. and Canada. The winner of the competition will receive a credit of one drink or food item per day for a duration of 30 years.
$T shares rose 1.8%, as a big boost for the S&P 500. The company said its new streaming television service DirectTV has so far exceeded expectations.
$TXMD flying high.. anyone here to catch..?
$CMG crashing. There seems to be nothing good to read about this company.