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Specialty retailer $AEO reported an increase in 1Q16 results helped by higher sales and profitability. Net income grew to $40.4MM or $0.22 per share in 1Q16 compared to $29MM or $0.15 per share in 1Q15. Total net revenue increased 7% to $749MM from last 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.