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On Jan. 27, 2016, $MO's BoD approved a productivity initiative to maintain the operating companies' leadership and cost competitiveness. This is expected to deliver $300MM in annual savings by end 2017. The company expects total pre-tax restructuring charges related to this of $140MM or $0.05 per share, expected to be recorded in 1Q16.
$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?