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Ammunition maker $OLN reported 2Q16 net loss of $1MM or $0.01 per diluted share versus net loss of $37.9MM or $0.23 per diluted share in 2Q15 due to some restructuring charges in the previous quarter mainly associated with the closure of chlor alkali capacity across 3 separate locations. Sales rose 1.2% to $1.36Bil versus $1.35Bil in 2Q15.
$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.