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Uniform rental company $CTAS reported a 24.4% jump in 4Q16 earnings driven by higher operating margins and a rise in growth rates as well as a decline in interest expenses. Net income rose to $130.9MM or $1.20 per share from $105.22MM or $0.90 per share last year. Total revenue grew to $1.27Bil from $1.14Bil. Organic revenue growth was 6.7%.
$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.