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For 1Q16, $GPS said it expects diluted earnings per share to be in the range of $0.31 to $0.32. $GPS also noted that the Sunday and Monday of the Memorial Day holiday falls in the fiscal month of June this year versus May last year. It expects the later holiday timing to negatively impact May sales results and benefit June sales results.
$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.