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Investment management company $IVZ reported a drop in 1Q16 earnings due to lower investment management fees and fall in service and distribution fees as well lower performance fees. Net income slid to $161MM or $0.38 per share from $259.6MM or $0.60 per share last year. Operating revenues fell 11.1% to $1.15Bil. Adjusted EPS fell 22.8% to $0.49.
$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 !!