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UBS analyst Susan Maklari questions about the raw material costs, some of which are favorable while others are becoming more of a headwind. $MHK CFO Frank Boykin said that the biggest changes in raw material are in the North American segment. For 2016, raw material costs are going to remain stable given the flow-through of costs & ASPs are down.
$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?