Want to join the conversation?
$UTX said that total 2Q16 reported sales rose 1% to $14.9Bil vs. 2Q15. This was due to a 1 point of organic growth & 1% from acquisitions were offset by 1 point of headwind from FX. Adjusted EPS was up 9% to $1.82 for 2Q16. The company's YTD spend is about $180MM and based on this, $UTX expects full-year 2016 restructuring to be approx. $400MM.
$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.