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Maker of fluid power components $AIT said that FY16 net sales were $2.52Bil vs. $2.75Bil in FY15. Net income was $29.6MM or $0.75 per share vs. $115.5MM or $2.80 per share in FY15. The company generated $160MM in cash from operations, while returning over $80MM to shareholders via dividends and share repurchases.
$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?