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Industrial real estate giant $PLD posted lower 4Q15 earnings despite higher revenue, hurt by higher expenses. $PLD said net earnings dropped to $118MM, or $0.23 during 4Q15 compared to $408MM, or $0.81 per share in the prior year. Revenue jumped 30% to $643Bil on higher rental revenue.
$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.