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Producer of floor covering products $MHK said that 4Q15 operating margin was 13.9%, up 260 BP and operating income would have been $12MM higher using a constant exchange rate. 4Q15 income tax rate, excluding unusual items was 18.7% vs. 19% in 4Q14. The company expects 1Q16 income tax rate to be 25% and the full-year 2016 rate to be between 24.5-25.
$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 !!