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Oil and gas exploration and production company $PXD reported a wider 2Q16 quarterly loss, hurt by losses on derivatives. Net loss was $268MM or $1.63 per share, wider than $218MM or $1.46 per share a year ago. Revenue grew to $786MM from $644MM. Adjusted net loss for latest quarter was $37MM or $0.22 per share.
$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?