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Maker of device-based medical therapies $MDT posted 2Q16 revenue of $7.058Bil, up 6%, while on a reported basis, revenue increased 62% vs. 2Q15. As reported net income and diluted EPS decreased 37% and 57% respectively, driven by a non-recurring tax adjustment resulting from internal reorganization due to the Covidien integration.
$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?