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$KSS said it ended 1Q16 with $423MM of cash and cash equivalents, a decrease of $772MM from last year. Inventory dollars per store were 2% lower than 1Q15, consistent with the company's guidance of down low single digits despite the challenging sales environment. AP as a percent of inventory fell 650 BPs to 32.9%, which is due to lower receipts.
$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?