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$ORCL said its SaaS and PaaS gross margins continued to improve throughout the year, exiting FY16 at 56%. Bookings in 4Q16 were also strong enabling the company to raise its guidance for 1Q17 SaaS and PaaS revenue growth, which $ORCL now expects to be between 75-80%.
$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.