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$EMR's underlying sales for 1Q16 fell by 9% from 1Q15, on lower volume and slightly lower price. Underlying sales decreased by 10% in the U.S. and 7% internationally. Europe was flat, Asia was down 9% (China down 13%), Latin America was down 17%, Canada was down 18% and Middle East/Africa was down 9%.
$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.