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$WYNN's revenue from Macau Operations for 4Q15 dropped by 27% to $555.7MM from $761.2MM in the previous year quarter. Total non-casino revenues from Macau Operations, before promotional allowances, decreased 21.2% to $75.6MM. Occupancy at Wynn Macau fell to 96.3% from 98.6% and revenue per available room, or REVPAR, slid by 5.2% to $311.
$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.