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Global paper and packaging company $IP reported a drop in 2Q16 earnings due to sale of the IP-Sun joint venture and the sale of the Carolina Coated Bristols business. Net income fell to $40MM or $0.10 per share from $227MM or $0.54 per share last year. Net sales slid to $5.32Bil from $5.71Bil. Operating EPS declined to $0.92 from $0.97.
$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?