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Oil producer $CVX reported a 2Q16 loss of $1.47Bil or $0.78 per share compared to $571MM or $0.30 per share last year, due to lower oil prices and a decrease in revenues. The latest quarter loss included $2.8Bil impairments and other non-cash charges. Total revenues dropped to $29.28Bil from $40.36Bil.
$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?