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Commercial fleet management company $R said comparable results in 4Q15 were below the forecast range of $1.72-1.82 but were impacted by $0.06 of unusual insurance-related items. Excluding this, $R was at the low end of its forecast range due to its used vehicle sales and rental results. Excluding FX impact, operating revenue grew by 9%.
$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.