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UBS analyst Steven Milunovich asks what the Printer operating margin of 20.4% would be without the gains. $HPQ says that it would have been about 3 points lower, in line with what was seen in 1Q16 & 2Q16. For 1H16, it was running in the 17% margin rate and $HPQ expects normalized across both 3Q16 & 4Q16 to be roughly in that same zone.
$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.