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In 1Q16, $LNCE grew adjusted EBITDA by 45% driven by lower expenses and the Diamond contribution. EPS, excluding special items, increased 47% over 1Q15. Trailing 12-month cash flow was $115MM driven by lower Capex and better operating cash flow.
$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.