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Senior housing and health care real estate investment trust $HCN reported a drop in 2Q16 earnings due to lower gain on real estate dispositions. Net income fell to $195.47MM or $0.54 per share from $312.57MM or $0.89 per share last year. Revenue grew to $1.08Bil from $957.17MM.
$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.