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For FY16, $SJM cut its net sales guidance from $7.9Bil to $7.8Bil and revised its non-GAAP diluted EPS to $5.84-5.94 from earlier guidance of $5.70-5.80. The company expects free cash flow to be $975MM and CapEx to be $240MM during FY16, both up from previously mentioned guidance of $925MM and $220MM respectively.
$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?