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$EL 4Q15 Call: For full year, net sales rose 2% to $11Bil. Excluding effects of currency translation, sales grew more than 6% even without acquisitions, which contributed 30BP. Net earnings grew 2% to $1.18Bil & diluted EPS increased 3% to $3.05. Unfavorable currency translation impacted EPS by $0.24& in constant currency diluted EPS rose 12%.
$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.