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The world's largest chipmaker $INTC reported a drop in 2Q16 earnings due to a rise in restructuring and other charges as well as higher costs and expenses. Net income fell to $1.33Bil or $0.27 per share from $2.71Bil or $0.55 per share last year. Revenue grew to $13.53Bil from $13.2Bil. Non-GAAP EPS slid to $0.59 from $0.62.
$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?