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In FY16, $MCHP incurred special charges of $4MM, comprised of $11.2MM related to severance, office closing and other costs associated with acquisition and legal settlement costs. CapEx was $97.9MM in FY16, mainly for expansion of production capacity and addition of R&D equipment. Company intends to spend about $140MM in FY17.
$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 !!