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$PWR said the power plant construction project in Alaska negatively impacted 2Q16 by approx. $30.5MM in project losses or $0.12 per diluted share. At 2Q16-end, this project had a contract value of $201MM and was approx. 90% complete. This project is expected to be substantially completed near 3Q16-end.
$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.