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Media company $SNI said on Feb. 24, 2016 it sold its 7.3% equity interest in Fox Sports South to the controlling interest holder for a sale price of $225MM upon the exercise of the company's put right. $SNI said the sale resulted in a gain of $208.2MM for 1Q16. Further, the gain on sale resulted in tax expense of approx. $73.6MM for 1Q16.
$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 !!