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$SM said it agreed to buy 24,783 net acres in Howard County, West Texas from Rock Oil Holdings for $980MM. The transaction is expected to close on Oct. 4, 2016, with an effective date of Sept. 1, 2016. $SM sees running 1 rig in area in 4Q16 and 2 rigs throughout 2017. $SM lifted its total capital spending estimate for 2016 by about $15-20MM.
$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?