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Wines and spirits maker $BF.B posted a 4% decline in 2Q16 reported net sales, but underlying net sales grew 5%. For the first six months of the fiscal year, reported net sales decreased 3% while underlying net sales grew 6%. YTD reported net sales growth was negatively impacted by eight percentage points due to foreign currency exchange.
$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.