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$PCL has formed a JV known as Twin Creeks Timber with several institutional investors to own and sustainably manage a portfolio of U.S. timberlands. The initial portfolio is valued at about $560MM and consists of 260K acres. $PCL is selling about $420MM of timberlands to the JV, and contributing another $140MM for its 25% equity stake in the JV.
$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 !!