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$ALLE affirmed its 2016 revenue guidance reflecting total growth of 7-8% and organic growth of 4-5% compared to 2015. The company also affirmed its 2016 EPS outlook of $3.15-3.35 and adjusted EPS forecast of $3.25-3.40. The guidance assumes a adjusted effective tax rate of about 18-19% and average diluted share count of about 97MM shares.
$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.