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Devin Ryan of JMP Securities asks for some additional color on the fair value mark within the energy book. $MS CFO Jon Pruzan replied that 40% is both fair value and held for sale. He added that the held for sale will run through other revenues and the fair value will run through sales and trading line items, and $MS does mark-to-mark it daily.
$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?