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$CPB, the manufacturer of branded convenience food products, reported higher 3Q16 results, helped by lower restructuring charges and taxes. $CPB said net income rose 3.35% to $185MM, or $0.59 per share from $179MM, or $0.58 per share a year ago. Revenue fell 1.5% to $1.87Bil. Excluding items, $CPB earned $0.65 per share.
$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.