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In 2Q16, $NOC's Aerospace Systems segment sales grew 4% due to higher volume for Manned Aircraft & Autonomous Systems programs. Mission Systems sales rose 2% due to higher volume for Advanced Capabilities programs and Sensors & Processing programs. Technology Services sales fell 2% mainly due to lower volume for Advanced Defense Services programs.
$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.