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In 1Q16, $EBAY generated free cash flow of $483MM, up 19%. Capex was 7% of revenue and full-year Capex guidance remains 7-9%. At the end of 1Q16, cash, cash equivalents and non-equity investments was $10.3Bil. In 1Q16, $EBAY repurchased 42.3MM shares at avg. price of $23.57 per share amounting to $1Bil in repurchases.
$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?