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Ken Zerbe of Morgan Stanley questioned on higher provision expense outlook, given the recent rebound in oil price. $ZION COO Scott McLean said that it was a punitive 1Q16 from oil and gas price volatility, especially declining natural gas price. Scott said the outlook was made based on the weak environment condition, and not on the recent rebound.
$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?