I'm excited about the whole company.

Gap is regaining market share, and its marketing initiatives continue to benefit the company. The company last fall reduced its product assortment by 30 percent at its namesake store and at its Old Navy and Banana Republic divisions. So it's moving away from the overly fashion-forward mix and narrowing its product lines.

[For Dear Brutus , Boyd and Alley mainstay and resident company actor James Black received rave reviews. Variety described Boyd's production as] finely calibrated, haunting, ... gives the production its human center.

I think this company is destined to be a top contender in the industry. We're putting together some of the top directors and talent from all over the world and that is very exciting.

The employees who are affected have been offered severance packages and can apply for open positions in the company.

Since the beginning of the month, Exxon has outperformed its peers by over 6%, leaving the company trading at a significant premium to the group. As such, we are downgrading Exxon to neutral, as the stock's valuation is not as compelling.