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$VIPS 2Q15 Call: Income from operations increased by 192.5% to RMB437.8MM. Operating income margin increased to 4.9% from 2.9% in 2Q14. Non-GAAP income from operations increased by 113% to RMB568.6MM from RMB267MM in 2Q14. Non-GAAP operating income margin increased to 6.3% from 5.3% in 2Q14.
$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.