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Steven Winoker of Sanford Bernstein probes on the Alstom backlog; to what extent is that backlog now. $GE said the company is not completely done with it; will have to be completely wrapped in 2Q16 to lock down purchase accounting. There are challenges in those contracts around the timing of cash flows.
$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?