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In 2Q16, $CSX said the company posted revenues of $1.73Bil in its Merchandise segment, a decline of 5% from a year ago. In Coal, revenues dropped 34% to $416MM and in Intermodal, revenues fell 7% to $419MM compared to the year ago quarter. In the Other segment, revenues fell 23% to $97MM from the previous year.
$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?