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$WMT said in 2Q17, sales in Walmart US grew 3.1%. For 3Q16, $WMT expect a comp sales increase of 1-1.5%. In Walmart International, net sales grew 2.2% constant currency, while reported net sales fell 6.6% due to a $2.7Bil currency headwind. For Sam's Club, net sales, ex fuel, grew by 0.4%. In 3Q16, comp sales is expected to be slightly positive.
$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.