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$EMR's 2Q16 cost of sales was $2,934MM, a decline of $300MM compared with $3,234MM a year ago, mainly due to reduced sales volume, the impact of foreign currency translation and prior year divestitures. Gross profit margin rose 0.4 percentage points to 40.5% compared to 40.1% in 2015 due to savings from cost reduction and containment actions.
$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?