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$NTAP said it plans to restructure and reduce its workforce to streamline its business and reduce OpEx. Company expects to reduce worldwide headcount by about 12%, which will be implemented through end 1Q17. $NTAP expects to incur charges of about $60-70MM for employee terminations and other costs, majority of which will be recognized in 4Q16.
$SBUX launched its annual “Starbucks for Life” competition in the U.S. and Canada. The winner of the competition will receive a credit of one drink or food item per day for a duration of 30 years.
$T shares rose 1.8%, as a big boost for the S&P 500. The company said its new streaming television service DirectTV has so far exceeded expectations.
$TXMD flying high.. anyone here to catch..?
$CMG crashing. There seems to be nothing good to read about this company.