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$SJM's 2Q16 cash from operations was $275MM vs. $92MM in 2Q15. Along with income increase and non-cash items of D&A, this cash flow increase primarily reflects lower working capital needs mostly for inventory. Factoring in CapEx of $64MM, 2Q16 free cash flow was $211MM, bringing YTD total to $463MM. Total debt at quarter-end was just over $5.85Bil.
$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?