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$GT's 1Q16 net sales fell 8.3% versus 1Q15, mainly due to unfavorable foreign currency translation and the deconsolidation of the Venezuelan subsidiary. Worldwide tire unit sales rose 1.7%, positively impacted by acquisition of controlling interest in NGY in Japan. Replacement tire volume and original equipment tire volume rose in 1Q16.
$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.