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Timberlands owner $WY said it has agreed to sell its liquid packaging board business, which includes one mill located in Longview, Wash., to Nippon Paper Industries for $285MM. $WY expects to use a large part of the estimated $225MM after-tax proceeds to repay debt. The transaction is expected to close in 3Q16.
$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?