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Semiconductor equipment supplier $AMAT posted lower 1Q16 net income of $286MM or $0.25 per diluted share vs. $348MM or $0.28 per diluted share in 1Q15. Adjusted diluted EPS was $0.26 for the quarter. Total net sales fell 4.32% to $2.2Bil vs. $2.3Bil in 1Q15, hurt by lower sales results in Silicon Systems and Applied Global Services 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.