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Industrial supplier $GWW reported a decline in 4Q15 earnings due to lower sales, despite a rise in EPS on lower shares outstanding. Net income was $145.23MM or $2.30 per share compared to $148.84MM or $2.14 per share last year. Sales fell to $2.48Bil from $2.51Bil. Adjusted EPS slipped 11% to $2.49.
$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.