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Apparel company $AEO said in 1Q16, comparable sales increased 6% and operating income rose 40%. EPS grew 47% to $0.22, above the company's expectations of $0.17-0.19. $AEO saw good performance across brands with sales and profit growth for both AE and Aerie. Aerie saw growth of 30% in comps in 1Q16.
$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.