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Multi-industry company $TXT reported 4Q15 net income of $226MM or $0.82 per diluted share, up 6.6% from $212MM or $0.76 per diluted share YoverY, helped by lower costs and expenses. Revenue fell 4.2% to $3.9Bil, hurt by lower revenue in Textron Aviation and Textron Systems segments.
$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.