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$LOW 1Q15 10-Q: As of May 20, 2015, FY15 guidance: total sales to be up 4.5-5% & comparable sales to be up 4-4.5%. For FY15, LOW expects to open 15-20 home improvement and hardware stores; operating margin to be up 80-100 bps. Repurchased 13.6MM shares for $1Bil under share repurchase program in 1Q15; assumes share repurchases of $3.8Bil for FY15.
$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.