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$EL's opex as a percentage of net sales rose to 61% in 2Q16 vs. 60.4% in the prior-year period. The increase primarily reflected the FY16 charges associated with restructuring activities of approx. 60 BP and higher costs associated with store operations of approx. 40 BP. Also contributing to the increase was higher G&A expenses of approx. 50 BP.
$BA won a $22 billion deal from SpiceJet, their largest order from an Indian airline.
$FB stock remained in the green territory after Raymond James upgraded shares to strong buy from outperform, on expectations that overall 4Q16 ad spending was strong.
$ARRY Good day for the stock, jumped 7%. Great gains !
2017 was supposed to be another record year for automotive industry. Still, $F Ford thinks its profit will dip in 2017..!!
$KKR to buy Hitachi’s power tool unit Hitachi Koki for $1.3 billion. Looks like KKR & Co is going strong in Japan! Remember when it bought Calsonic Kansei a while back?