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Data-storage equipment maker $EMC reported lower 4Q15 earnings on flat revenues. Net income fell 32.7% to $771MM or $0.39 per share from $1,147MM or $0.56 per share last year. For the quarter, revenue was almost flat YoverY at $7.014Bil compared to $7.048Bil the previous year. Adjusted earnings for the quarter were $1.3Bil or $0.65 per share.
$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?