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$CLX's selling and administrative expenses for 1Q16 as a percentage of sales was essentially flat compared to year ago at 13.4% of sales. In total, demand building investment including trade promotion spending increased $13MM. Net of all of these factors, $CLX delivered diluted EPS of $1.32 from continuing operations.
$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.