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$STL, through its principal subsidiary, Sterling National Bank, said it has closed the acquisition of NewStar Business Credit (NSBC). NSBC is a unit of $NEWS. The acquisition is priced at 127% of tangible book value. The purchase price is $112MM with 100% of the consideration paid in cash.
$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 !!