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During 2Q16, net revenues, excluding excise taxes for $PM's European Union segment rose 4.6% vs. 2Q15, helped by higher cigarette shares in Germany, Poland and Spain. Net revenues for EEMA fell 9.9%, hurt by lower cigarette shares in North Africa & Russian markets. Asia and Latin America & Canada segment revenues too fell 0.6% & 13.6% respectively.
$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.