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Pennsylvania-based REIT $PEI said it has completed the refinancing of the Woodland Mall mortgage loan and extended and modified the terms of the Viewmont Mall mortgage loan. The LIBOR-based loans total $187MM with a fixed weighted avg. interest rate of 3.16%. The new debt instruments will result in annual interest expense savings of about $3.7MM.
$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 !!