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$SPLS 2Q15 Call: As a percentage of sales, SG&A excluding charges increased 12BP to 22.7%. Excluding impact of charges, non-GAAP operating margin increased 26BP to 2.6% during 2Q15. Excluding impact of charges, non-GAAP effective tax rate was 33.5% flat vs. last year. We are planning for non-GAAP effective tax rate to be 33.5% for remainder of 2015
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.