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In 1Q16, $AA's basic avg. and diluted avg. shares outstanding were the same because the effect of potential shares of common stock was anti-dilutive since $AA generated a net loss available to its common shareholders. Consequently, 77MM share equivalents related to mandatory convertible preferred were not included in the computation of diluted EPS.
$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.