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$GPS said it estimates measures to result in annualized pre-tax savings of about $275MM and operating margin improvement of nearly 2 points. $GPS sees an annualized sales loss of about $250MM associated with store closures and expects to recognize restructuring costs in FY16 of about $300MM pre-tax from store closures and streamlining measures.
For the past few years, $AAPL has been buying domains with the iCloud name. According to a report from TechCrunch, the latest acquisition was of the domain name iCloud.net.
$AAPL just released the first look of its $5 billion Cupertino campus, now named Apple Park. Take a look.
Looking forward to the first $TSLA earnings after SolarCity acquisition.