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$WDC expects to achieve $350MM of savings on COGS on an annualized basis, of which 50% will occur by end 2016 and balance by end 2017, versus earlier estimate of $250MM by end 2017. $WDC expects cash expense to achieve these savings to be about $800MM, and expects 60% of the savings to be incurred in 2016 and balance in 2017.
$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?