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Troy Jensen of Piper Jaffray asks if there will be any decrease in GM from the addition of the new building. $FN said it expects to see a 15-20BP dilution to the GM due to the addition of the new facility. The company believes that as it starts producing products, it will have a positive GM to cover all the fixed and variable costs.
$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.