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$TAP's underlying after-tax income for 1Q16 rose to $110.3MM or $0.54 per share from $86.1MM or $0.46 per share last year. This increase was driven by worldwide volume growth and lower cost of goods sold. These factors more than offset negative sales mix, higher brand spending globally, and a higher underlying tax rate this year.
$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.