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Healthcare products company $ABT reported a decline in earnings in 2Q16 hurt by lower earnings from continuing operations. Net income slid to $615MM or $0.41 per diluted share vs. $784MM or $0.52 per diluted share in 2Q15. Net sales rose 3.2% to $5.3Bil vs. 2Q15, helped by increased sales in the international and emerging markets.
$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.