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Ohio-based rental services company $CTAS reported organic revenue growth, which adjusts for the impact of acquisitions and foreign currency exchange rate fluctuations, of 6.8% in 3Q16. Operating income was $193MM, up 11.1% versus 3Q15. Operating margin improved to 15.9% of revenue in 3Q16 versus 15.7% in 3Q15.
$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.