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Mark Swartzberg of Stifel, Nicolaus asks if advertising and marketing (A&M) in Latin America is expected to be up for the full year. $PEP said the company is up 80 BP on A&M YTD. The company is not in a position to get into the guidance for A&M, but given that $PEP is up 80 BP YTD, it is expected to be up for full year.
$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.