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$WPX said the buyout eliminates about $164MM in letters of credit and their associated annual interest expenses, and releases $WPX from nearly $400MM in demand obligations from 2016 through 2032. $WPX is using cash on-hand to fund the agreement. The parties expect to close the transaction in 3Q.
$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 !!