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Investment management company $IVZ reported lower quarterly profit, hurt by a 10% fall in revenue. The company reported 2Q16 earnings of $236.5MM, or $0.54 per share, compared to $244.0MM, or $0.60 per share a year ago. Revenue fell to $1.19Bil due to a decline in investment management fees.
$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?