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$PBI 1Q15 10-Q: Total revenues were down 5% YoverY at $890MM and net income was up 81% YoverY at $80MM. YoverY SG&A expense was down 10% to $315MM. As a percentage of revenue, SG&A expense declined to 35.3% vs. 37.5% in 1Q14, primarily due to lower costs.
$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.