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Stephens analyst Ben Bienvenu questions on the composition of CapEx guidance. $TUES says that a big portion of FY16 CapEx was focused on the DC. For FY17, the company is saving approx. $30MM and a majority of it will be on new stores, the relocations, and new stores expansions. There will also be some IT infrastructure spend & enhancements.
$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?