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Electric holding company $SO posted lower 4Q15 results as lower fuel sales hurt revenue by 10%. $SO said net income fell 4% to $271MM, or $0.30 per share in 4Q15 compared to $283MM, or $0.31 per share in the prior year. Revenue fell to $3.60Bil from $4.01Bil. Excluding items, $SO earned $0.44 per share.
$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.