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Airline company $JBLU said traffic in June 2016 rose 11.6% from June 2015, on a capacity increase of 10.5%. Load factor was 86.2%, up 0.9 points from June 2015. Preliminary completion factor was 99.1% and on-time performance was 74.4%. Preliminary revenue per available seat mile for June fell about 4.5% YoverY.
$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.