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$SJM said its coffee business far exceeded expectations for 2016. Net sales were up 8% and segment profit increased 18% to $646MM, representing a full recovery of the segment profit decline in 2015. The company added that tonnage for its mainstream brands was up 3%, while units shipped were up even more given the canister downsize early in FY16.
$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 !!