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$TEL said that total 1Q16 OpEx of $502MM, fell by 8% vs. 1Q15, and it is continuing to tightly manage discretionary spending. The company stated that cash from continuing operations was $367MM and free cash flow was $237MM, up from 1Q15, helped by lower working capital and reduced revenue, and timing of SubCom payments.
$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?