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$DCI said excluding restructuring charges 3Q16 expense was little more than $118MM, representing a YoverY decline of about 90 BP. In the quarter, GTS replacement parts were strong and the company expects that to continue. Therefore, FY16 GTS sales are now expected to be down 20% compared to a decline of 20-25% expected earlier.
$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.