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$ADM said 4Q15 Ag Services profit fell 46% on lower North American export volumes, while Corn Processing declined 27% as U.S. ethanol industry margins were lower due to pricing pressures. Profit of Oilseeds Processing decreased 21% in the quarter, but Wild Flavors and Specialty Ingredients earned $47MM.
$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.