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On Jan. 1, 2016, $KORS acquired direct control of its previously licensed business in South Korea upon the related license expiration. The company acquired certain net assets from its former licensee in exchange for cash consideration of approx. $3.6MM. The company will consolidate the South Korean business into its operations beginning with 4Q16.
$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 !!