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$GPS, which competes with $URBN and $ANF, posted lower 2Q16 results, hurt by lower net sales, restructuring charges and foreign currency fluctuations. $GPS said net income fell 42.9% to $125MM, or $0.31 per share from $219MM, or $0.52 per share a year ago. Revenue fell 1.2% to $3.85Bil. Excluding items, GPS earned $0.60 per share.
$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 !!