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$FTI, which provides technical support to the energy industry, reported a steep fall in quarterly profit, as a slump in oil prices forced its customers to reduce activity. The company reported 2Q16 earnings of $2.2MM, $0.01 per share, compared with earnings of $108MM, or $0.46 per share a year ago. Revenue fell 32% to $1.2Bil.
$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?