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During 2015, $EMC initiated a cost reduction and business transformation program. The company expects the $850MM reduction in its annual cost base to be achieved in 2017. As part of this cost reduction plan, in 4Q15 $EMC approved a restructuring plan consisting of a reduction in force to be substantially completed by the end of 1Q16.
$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.