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Brian Drab of William Blair asks for a clarification on the $20-25MM in savings. $CLC said the $20-25MM is the financial impact for FY16. The run rate will be slightly higher than this. The primary component is headcount reduction which will contribute about $15MM of the $20-25MM range.
$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 !!