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Department store retail chain $KSS reported lower net income in 1Q16 due to impairments, store closing and other costs. Net income was $17MM or $0.09 per diluted share compared to $127MM or $0.63 per diluted share in 1Q15. Net sales fell about 4% from last year to $3.97Bil. Excluding impairments, store closing & other costs, diluted EPS was $0.31.
$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 !!