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$ADI said after the Linear Technology deal closes, it plans to use its combined cash generation to pay down debt associated with the transaction. $ADI expects net debt to EBITDA to go from 3.8 times at deal close to approx. 2 times net debt to EBITDA within 3 years of the transaction closing, coming to approx. $1Bil per year expected debt paydown.
$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 !!