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$DVN reduced gross general and administrative expenses for 1Q16 by 5% from 4Q15, primarily through cost reduction initiatives resulting from Feb. 2016 workforce reduction, full benefits of which have yet to be realized. The reductions are expected to decrease gross general and administrative costs by about $400-500MM on annualized basis.
$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 !!