Want to join the conversation?
Underwear, T-shirt and sock maker $HBI reported a 35% jump in 2Q16 earnings driven by lower selling, general and administrative expenses despite a decline in sales. Net income grew to $128.14MM or $0.34 per share from $94.9MM or $0.23 per share last year. Net sales slid 3.2% to $1.47Bil. Adjusted EPS rose to $0.51 from $0.50.
$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.