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Microchip maker $MCHP posted a 32.2% YoverY drop in 4Q16 net income to $67.4MM, or $0.31 per diluted share, hurt by a weak semiconductor industry backdrop and expenses related to the acquisition activities. Excluding item, $MCHP earned $0.70 per diluted share for the quarter. Net sales grew 2.7% YoverY to $557.6MM.
$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 !!