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Insurer $TRV reported a 18% drop in 2Q16 earnings due to catastrophe and certain non-catastrophe weather-related losses and lower net investment income. Net income fell to $664MM or $2.24 per share from $812MM or $2.53 per share last year. Revenue rose 1% to $6.79Bil. Operating EPS decreased by 13% to $2.20.
$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 !!