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In 2Q16, $AVY repurchased 0.9MM shares at $64MM. Net of dilution, company reduced its share count by 0.3MM in the quarter. Cost of repurchase, net of proceeds from stock option exercises, was $39MM. Effective tax rate in the quarter was about 19% versus about 36% last year.
Does anyone feel $SBUX CEO Schultz stepping down could prove a disaster for the company?
$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.