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$DNB said it expects full-year 2016 tax rate to be about the same as the 31.7% rate in 2015. The company generated free cash flow of $115MM during the quarter. $DNB ended 1Q16 with $1.7Bil of debt, including about $1Bil of fixed rate senior notes and $700MM of floating rate debt. Cash balance was $366MM for net debt of approx. $1.4Bil.
$DB is going to cut off services for about 3,400 clients in equities trading.
$TSLA opening a showroom in Michigan. A bold move !!