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$RL said that it has completed the planned right-sizing of its headcount decreasing it by 8% & reduced layers from an average of 9% to 6%, increasing each leader span of control. This step taken by $RL led to SG&A savings of approx. $115MM annually. The company also started closing underperforming stores identified as part of the Way Forward Plan.
$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?