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Kate McShane of Citi asks about the Brexit impact during 2Q16. CFO Lauren Peters replied that $FL saw a little bit of impact on traffic on the day of the vote, but has not seen much since the vote. She added that the company has a bit of a currency impact in that market, and $FL does what it can to hedge that currency difference.
$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.