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Ready-to-eat cereal maker $K posted a rise in 2Q16 earnings on lower one-time costs and higher profit margins. Net income rose to $280MM or $0.79 per share from $223MM or $0.63 per share last year. Net sales fell 6.6% to $3.27Bil. Comparable EPS slid 1.1% to $0.91, due to negative impact of currency translation from Venezuelan business.
$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?