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$ADM 2Q15 PR: Total revenue for the quarter was $17,186MM compared to $21,494MM in the same period last year. Net earnings for the quarter were $386MM compared to $533MM in the same period last year. Segment operating profit was $808MM. Trailing four-quarter-average adjusted ROIC was 9%, up 120BPs YoverY and 240BPs above annual WACC of 6.6%.
$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.