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Lifestyle retail major $URBN in its 1Q16 filing said it expects capital expenditures to rise 26% to $170MM in fiscal 2017. A portion of the investments will go in opening about 27 new stores, and $URBN expects the new store investments to generate positive cash flow within a year. $URBN said it may also enter into one or more acquisitions.
$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?