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$AVGO said that on March 2, 2016, its BoD approved the implementation of cost reduction activities related with the Broadcom Transaction. Related to this action, $AVGO expect to eliminate approx. 1,900 positions across all business and functional areas on a global basis. The company also expects to take charges of approx. $650MM through FY18.
$SBUX launched its annual “Starbucks for Life” competition in the U.S. and Canada. The winner of the competition will receive a credit of one drink or food item per day for a duration of 30 years.
$T shares rose 1.8%, as a big boost for the S&P 500. The company said its new streaming television service DirectTV has so far exceeded expectations.
$TXMD flying high.. anyone here to catch..?
$CMG crashing. There seems to be nothing good to read about this company.