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$SHLM said it lowered its full-year 2016 adjusted EPS guidance to $1.90-1.95 from prior forecast of $2.40-2.45. The reduction reflects deteriorating market conditions facing the industry in its largest regions in the U.S. and Europe. $SHLM cut its adjusted EBITDA outlook to $225-230MM from prior range of $245-250MM.
$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.