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During 3Q16, $TTC's operating earnings as a percent of sales rose 60 BP to 13.6% vs. 3Q15. Interest expense was up slightly 1.3% and effective tax rate was 30.9% vs. 31.3% in 3Q15. The company expects full-year 2016 tax rate to be about 30.5%. Net inventories fell 6.6% to $327.1MM, while trade payables rose 1.3% to $172.2MM for the quarter.
$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 !!