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Watch and jewelry maker $FOSL posted lower 2Q16 results, hurt by weakness in the traditional watch category, mainly among licensed brands & higher taxes. $FOSL said net income fell 89% to $6MM or $0.12 per diluted share from $54.6MM or $1.12 per share a year ago. Net sales fell 7.37% to $685.4MM, hurt by translation impact of stronger US dollar.
$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 !!