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Aviation electronics company $COL reported a jump in 3Q16 earnings driven primarily by growth in Government Systems and 10% revenue growth in Information Management Services. Net income rose to $214MM or $1.63 per share from $178MM or $1.33 per share last year. Sales grew to $1.33Bil from $1.29Bil.
$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.