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In 1Q16, sales in Otis were up 4% in constant currency and 3% organically. For 2016, guidance at constant currency is unchanged at $75-125MM of profit decline for Otis. For Climate, Controls & Security, sales were flat at constant currency. $UTX expects 2016 profit growth of $175-225MM at constant currency on low single digit organic sales growth.
$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?