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David Tamberrino of Goldman Sachs asks about incremental margin assumptions for Connected Car into 2017. $HAR said it will see continued margin expansion in Connected Car in 2017 and the leverage is about 20%. The company has several new awards in its backlog so R&D will continue to expand but $HAR is pleased with margin development in this area.
$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.