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During 1Q16, $SO's interest expense, net of amounts capitalized was $73MM vs. $65MM for 1Q15. The increase was primarily due to timing of debt issuances, maturities and redemptions. 1Q16 income taxes were $103MM vs. $113MM for 1Q15, the decrease being primarily due to lower pre-tax earnings.
$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.