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Fast food chain $YUM said that in 1Q16, costs of $9MM were recorded in G&A expenses relating to the planned separation of YUM China business and the related recapitalization of $YUM. Since this announcement was made, $YUM incurred a total cost of $18MM and expects additional cash costs of approx. $30MM to complete this spin-off.
Does anyone feel $SBUX CEO Schultz stepping down could prove a disaster for the company?
$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.