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Oil and natural gas explorer and producer $EGN reported a wider 1Q16 loss due to lower revenue and higher asset impairments. Net loss widened to $203.12MM or $2.34 per share from $15.42MM or $0.21 per share last year. Total revenues dropped to $128.22MM from $221.86MM. Adjusted loss per share was $0.64 compared to EPS of $0.09 a year ago.
$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?