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$JOY said its BoD cut the quarterly dividend to $0.01 per share from $0.20 per share, and forecast revenue to be $2.4-2.6Bil and adjusted diluted EPS to be $0.10-0.50 in 2016. If maintained, dividend reduction will reduce annual cash outlay by about $75MM, the company said. CapEx was $14MM in 4Q15, down from $22MM a year ago.
$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?