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$MO said it is implementing productivity initiative, which will cut spending on certain SG&A infrastructure and enact leaner organizational structure. The initiative is likely to deliver about $300MM in annualized productivity savings by end of 2017. $MO sees pre-tax restructuring charges of about $140MM, which is likely to be recorded in 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 !!