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During 2Q16, $SNH's normalized FFO was $111.7MM vs. $104.2MM for 2Q15, which represents an increase of 7.2%. Normalized FFO per diluted share was $0.47 vs. $0.44 for 2Q15. The company said that its same property NOI and cash basis NOI rose 1.4% and 2.0%, respectively vs. 2Q15.
$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.