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Orrville, Ohio-based $SJM said its 2016 net sales grew 37% to $7.8Bil, reflecting the full year contribution of Big Heart Pet Brands. Excluding acquisitions, divestitures and ForEx, sales grew 3% for 2016. Non-GAAP operating income was up 49% to $1.28Bil with the contributions from pet and strong coffee segment profit growth being the key drivers.
$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?