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Energy majors $HAL and $BHI said they terminated the merger agreement they entered into in November 2014, citing challenges in obtaining remaining regulatory approvals and general industry conditions that severely damaged deal economics. In connection with the termination, $HAL will pay $BHI the termination fee of $3.5Bil by May 4.
$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?