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RBC Capital Markets analyst Robert Wetenhall questions $PHM whether 2017 will be the peak year for deliveries despite lower land spend. CEO Richard Dugas says that the company is only moderating the growth rate of land, not cutting it. So, $PHM is still projecting solid growth for the next several years, but 2017 will necessarily not be the peak.
$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.