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Fragrance maker $IFF reported a lower 1Q16 profit, hurt by higher expenses and lower other income, even as revenue rose. The company reported earnings of $118.6MM, or $1.47 per share, compared with earnings of $128.3MM, or $1.57 per share a year ago. Revenue rose to $783.3MM.
$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.