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$PNR narrowed its 2016 adjusted EPS guidance to range of $4.05-4.20 from prior estimate of $4.05-4.25, while now expecting GAAP EPS of $3.23-3.38. $PNR still sees 2016 sales of $6.7Bil, or up about 4% on a reported basis and down about 1% on core basis. $PNR still sees to deliver full year free cash flow of about 100% of adjusted net income.
$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.