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James Sheehan of SunTrust Robinson Humphrey asks about cash allocation and M&A strategy. CEO Bob Patel said that free cash flow was deployed towards dividend and share buyback program. Over time, $LYB will use cash flow to fund growth projects. To consider M&A, $LYB needs a clear path to value creation, Patel said.
$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 !!