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Furniture maker $MLHR reported a rise in 4Q16 earnings driven by favorable commodity costs, production leverage and operational improvements from ongoing lean enterprise focus. Net income rose to $40.7MM or $0.67 per share from $23.4MM or $0.39 per share last year. Net sales grew 5.8% to $582.6MM. Adjusted EPS increased 19.1% to $0.56.
$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?