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$CBRL now projects food commodity inflation to be flat for FY16. The company sees operating margin of about 9.5% of total revenue. $CBRL expects depreciation expense of $77-78MM, net interest expense of about $14MM and capital expenditures of $100-110MM. $CBRL now sees effective tax rate of about 29% on GAAP basis, or about 31% on adjusted basis.
$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?