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Real estate investment trust $ESS reported higher funds from operations (FFO) for 2Q16, helped by a rise in occupancy in its Seattle, Los Angeles and San Diego portfolios. FFO rose to $190.98MM or $2.81 per share from $160.1MM or $2.38 per share last year. Core FFO was $186.1MM or $2.74 per share. It reported earnings of $72MM or $1.10 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.