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$INTU, a tax preparation software maker, reported a loss for 1Q16. $INTU said it posted a net loss of $31MM, or $0.11 per share compared to a net loss of $84MM or $0.29 in 1Q15. Revenue rose 17% YoverY to $713MM. Total QuickBooks Online subscribers rose by 57% and QuickBooks Online subscribers outside the U.S. more than doubled to 215,000.
$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.