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Industrial products maker $DOV reported lower 4Q15 results, hurt by the slump in oil & gas markets. $DOV said net earnings dropped 21% to $136.6MM or $0.87 per share during 4Q15 compared to $171.8MM or $1.03 per share in the prior year. Revenue decreased 14% to $1.7Bil. Excluding items, $DOV earned $0.81 per 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.