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$GIS initiated Project Compass in 1Q16, a restructuring plan to accelerate growth in International segment. $GIS expects to eliminate 725-775 positions as part of this project, incurring $62-65MM of net expense. $GIS recorded $53.6MM in six months ended Nov. 29, 2015 relating to this action. It expects to complete this action by the end of FY17.
$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?