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The cable company $TWC reported a 12.4% drop in 3Q15 earnings due to higher depreciation expense from TWC Maxx and other investments. Net income declined to $437MM or $1.53 per share from $499MM or $1.76 per share. Revenue rose 3.6% to $5.92Bil. Adjusted net income decreased 12% to $464MM and adjusted EPS fell 12.9% to $1.62.
$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.