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Women's clothing retailer $ASNA reported net income for 4Q16, helped by higher revenue. $ASNA said the company posted a net income of $13.8MM, or $0.07 per diluted share compared to a net loss of $323.4MM or $1.98 per share a year ago. Revenue rose 55% to $1.812Bil. Excluding items, $ASNA posted an earnings of $0.08 per diluted share.
$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.