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For 4Q16, $LCI's adjusted gross profit was 54% of net sales versus 73% of net sales in 4Q15, down mainly due to the addition of KU's lower margin business. Adjusted operating income grew versus 4Q15. At June 30, 2016, cash, cash equivalents and investment securities were $238.9MM and total debt outstanding was $1.16Bil.
$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?