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Clothing giant $PVH and funds advised by Apax Partners said $PVH will acquire the 55% interest that it did not already own in TH Asia Ltd., their joint venture for Tommy Hilfiger in China. The purchase price is approx. $172MM, net of cash of approx. $100MM. The deal, expected to close in 2Q16, will slightly add to 2016 non-GAAP EPS, $PVH said.
$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 !!