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Pharmaceutical company $MNK reported an increase in 2Q16 results. Net income increased to $118MM or $1.06 per share in 2Q16 from $98.8MM or $0.84 per share in 2Q15 helped by higher sales. Total net sales were $918MM, up 12.7% on a constant-currency basis. Adjusted net income was $224.8MM and adjusted diluted EPS was $2.01.
$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.