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$HRB, a consumer tax services provider reported a loss for 2Q16, hurt by lower revenue and seasonality of the tax business. $HRB said it posted a net loss of $143MM, or $0.54 per share compared to a net loss of $113MM or $0.41 per share in 2Q15. Revenue fell 4.6% year-over-year to $128MM hurt by foreign exchange headwinds.
$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.