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Ethanol producer $REX reported a decline in 2Q16 results hurt by decrease in dried distillers grains pricing and YoverY increase in grain costs. $REX said net income fell 49.9% to $8.2MM or $1.24 per share from $16.37MM or $2.16 per share a year ago. Net sales and revenue rose 1.96% to $115.71MM from $113.48MM.
$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.