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Security device maker $ALLE reported a rise in 1Q16 earnings driven by positive organic growth and contribution from acquisitions. Net income rose to $57.7MM or $0.60 per share from $45.6MM or $0.47 per share last year. Net revenues grew to $502.3MM from $458.7MM. Adjusted EPS increased to $0.61 from $0.51.
$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?