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Utility services holding company $EXC reported a drop in 2Q16 earnings due to incremental debt and equity costs incurred in connection with PHI merger. Net income fell to $267MM or $0.29 per share from $638MM or $0.74 per share last year. Operating revenues grew to $6.91Bil from $6.51Bil. Adjusted EPS increased to $0.65 from $0.59.
$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 !!