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$MSFT, which competes with $AAPL & $GOOG, said that for FY17, it expects the FX impact to reduce assuming current rates remain stable. In 1H17, the company expects a total impact of 1 point, reducing to zero in 2H17. $MSFT expects commercial cloud GM percentage and dollars to improve and cloud CapEx growth curve to slow during FY17.
$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.