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During 2Q16, $PHM's net new orders rose 21% to $2.1Bil. Net new orders, on a unit basis, rose 11% to 5,697 homes due to higher net new orders seen in Florida, Midwest and Texas regions. Backlog value jumped 21% to $3.7Bil, while the number of homes in backlog increased 8% to 9,679 homes. The company's average price of homes in backlog was $387,000.
$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.