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$ADBE, which competes with $MSFT & $AAPL, said that its 1Q16 effective tax rate was 13% on GAAP basis & 21% on a non-GAAP basis. The GAAP rate was lower than targeted mainly due to the retroactive reinstatement of the 2015 R&D tax credit. In 1Q16, $ADBE repurchased approx. 1.5MM shares for $133MM, with $1.48Bil remaining under the ASR program.
$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 !!