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Upscale clothing company $RL reported a drop in 4Q16 earnings due to proactive measures taken in the U.S. to clear end-of-season inventories related to the Fall season, and unfavorable foreign currency effects. Net income fell to $41MM or $0.49 per share from $124MM or $1.41 per share last year. Adjusted EPS was $74MM or $0.88 per share for 4Q16.
$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 !!