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Healthcare and security technology solutions provider $ALOG posted lower earnings in 3Q16 compared to last year, hurt by provision for income taxes. 3Q16 GAAP net income was $5MM or $0.40 per diluted share, compared to $9.1MM or $0.72 per diluted share in 3Q15. Revenue of $128MM in the quarter was down 4% from last year.
$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.