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$PVH forecasts that the strengthening of the US dollar will negatively impact its 2016 earnings versus 2015 by between $1.50-1.60 per share based on current exchange rates. About 80% of the 2016 projected negative foreign currency impact is expected to be on transaction basis while 20% of the impact is expected to be on a translation basis.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.