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$TYC said it will continue to provide its fire, security and life safety products in South Africa, after sale of security business is completed. The transaction is expected to close in late 1Q17. Deutsche Bank is acting as exclusive financial adviser and Simpson Thacher & Bartlett and Bowman Gilfillan are acting as legal advisors to $TYC.
$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 !!