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Industrial gas giant $APD posted 1Q16 GAAP net income of $364MM and diluted EPS of $1.67 vs. $325MM and $1.50 for 1Q15. Non-GAAP EPS was $1.78, up 15% vs. 1Q15. Net sales were $2.4Bil, down 8% vs. 1Q15, hurt by unfavorable currency and lower energy pass-through of 5% each, more than offsetting volume and pricing increases of 1% each.
$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.