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Chemical company $DD reported 1Q16 net income of $1.2Bil or $1.39 per diluted share, up 19% versus $1Bil or $1.13 per diluted share in 1Q15, helped by lower cost of goods sold and other expenses. Net sales fell 6% to $7.4Bil versus $7.8Bil, due to negative impacts from currency and volume.
$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.