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$TSS ended 2Q16 with $465MM in cash. CapEx was $37MM in the quarter, of which about 29% was related to property and equipment. Weighted shares outstanding were 183.7MM in the quarter. 2Q16 free cash flow was $157.6MM and effective tax rate was 38.1%, which is higher than normal due to some one-time acquisition related effects.
$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 !!