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$SHLM said that on June 15, 2016, it filed a lawsuit against the sellers of Citadel Plastics in the Court of Chancery of the State of Delaware. This suit seeks indemnification and damages for the fraudulent business practices within the Lucent subsidiary. During 3Q16, the company incurred $1.2MM of legal costs associated with this lawsuit.
$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?