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$DE said its equipment operations reported a decline of 17% in operating profit and came in at $688MM for 2Q16. The decline was hurt primarily by lower shipment volumes, the unfavorable effects of FX & the impact of a less favorable product mix. Financial services reported net income fell significantly by 39.5% to $102.6MM from $169.8MM 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?