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Petroleum refining and marketing company $VLO posted a 40% YoverY drop in 2Q16 earnings, hurt by lower revenues. Net income was $814MM, or $1.73 per diluted share. Operating revenue fell 22% to $19.6Bil. "Despite a challenging earnings environment, our operations generated $2.3Bil of cash during the quarter," said CEO Joe Gorder.
$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?