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$XEC said it expects 2016 exploration & development capital of about $600-650MM, down 29% from 2015 levels at the midpoint. An additional $50MM is earmarked for midstream and other investments. The capital program is expected to be funded with cash flow from operating activities and a portion of the $779MM of cash on hand at December 31, it said.
$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?