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$UA said gross margins for the full year 2016 are expected to be down slightly compared to 2015. The company added that its SG&A is still expected to grow approx. 28% in 2016, as it remains focused on making the right investments today to drive its long-term global success.
$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.