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As of the end of 2Q16, $YHOO completed its six planned office closures in Buenos Aires, Burbank, Dubai, Madrid, Mexico and Milan. The company reduced workforce by 15%. At qtr.-end, active headcount was 8,800 employees and 700 contractors. $YHOO reduced non-GAAP cash expense by 14% YoverY and Capex by 50% YoverY.
$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 !!