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$PH for 1Q16 reported a decrease in orders of 11% compared to same quarter last year, driven by ongoing market weakness especially in natural resources related markets. In spite of decline in sales, $PH delivered total segment operating margins of 14.5% or 15.3% on an adjusted basis.
$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.