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Payments solutions company $PAY reported a decrease in 2Q16 earnings due to difficult market dynamics. Net income decreased to $2.9MM or $0.03 per share in 2Q16 compared to $17.6MM or $0.15 per share in 2Q15. Total net revenues grew 7.4% to $526.3MM from last year. Non-GAAP net revenues were $532MM and non-GAAP EPS was $0.47 in 2Q16.
$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 !!