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$SHLM said that on June 15, 2016, it filed a lawsuit against the sellers of Citadel Plastics in the Court of Chancery of the State of Delaware. This suit seeks indemnification and damages for the fraudulent business practices within the Lucent subsidiary. During 3Q16, the company incurred $1.2MM of legal costs associated with this lawsuit.
$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 !!