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Milwaukee, Wisconsin-based company $ROK said organic sales decreased a little over 3% in 1Q16. Heavy industry end-markets continued to soften globally, particularly oil and gas, while consumer and auto verticals were about flat. In the US, oil and gas was the weakest vertical with sales down over 30% versus last year. Sales in China fell about 10%.
$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?