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$HRL said that 4Q15 results included pretax non-recurring charges of $21.5MM relating to a goodwill impairment charge for the Diamond Crystal Brands business, which is now held for sale. Advertising spend was $29.6MM, up 32%. Equity and earnings of affiliates surged to $8MM from $5.7MM in 4Q14, helped by improved earnings at MegaMex joint venture.
$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?