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In 1Q16, $LEN's operating margins on home sales improved by 20BP to 11.9%. $LEN opened 62 new communities to end the quarter with 684 net active communities. The cancellation rate decreased to 15% in 1Q16. $LEN purchased 10,300 home sites totaling $537MM. Home sites owned and controlled now total 168,000 home sites.
$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?