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$WMT said FY17 will be its heaviest investment period and operating income is expected to be impacted by $1.5Bil from the second phase of its investments in wages and training. As a result of these investments, $WMT expects EPS to decline between 6% and 12% in FY17, however by FY19, EPS is expected to increase by 5-10% compared to the prior year.
$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.