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E-commerce giant $EBAY reported a higher 2Q16 profit, helped by higher revenue and lower expenses. The company reported 2Q16 earnings of $435MM, or $0.38 per share, compared with $83MM, or $0.07 per share a year ago. Revenue rose 7% to $2.23Bil. In the year ago quarter, $EBAY had reported a loss from discontinued operations of $347MM.
Does anyone feel $SBUX CEO Schultz stepping down could prove a disaster for the company?
$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.