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$CSRA's 3Q16 pro forma Defense and Intelligence segment revenues fell by $80MM or 12.8% from 3Q15. A major source of this decline was the Army Logistics Modernization Program, which is transitioning to a maintenance phase after a very successful, large-scale software deployment. Pro forma Civil segment revenues grew by $11MM or 1.6% from 3Q15.
$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.