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$TXT's selling and administrative expenses was relatively unchanged in 3Q15 from last year, while rising $10MM in 9 months of 2015. The rise reflects higher operating expenses related to acquired businesses, partially offset by lower loan losses provision and favorable foreign exchange impact, mostly from strengthening of USD against Euro.
$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.