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Engine maker $CMI reported a drop in 1Q16 earnings due to lower sales across its segments. Net income fell to $321MM or $1.87 per share from $387MM or $2.14 per share last year. Net sales dropped 9% to $4.29Bil, due to lower output in the North American heavy-duty truck market and weak global demand for off-highway and power generation equipment.
$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?