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Grocery retailer, $KR today reported a growth of 0.9% in 2Q15 total sales. Excluding fuel, total sales rose 5.7% vs. 2Q14 and net earnings surged 25.71% to $0.44 per diluted share vs. $0.35 in 2Q14. $KR pulled off 47th consecutive quarter of positive identical supermarket sales growth of 1.3% in 2Q15 vs. 5.3% in 2Q14, excluding fuel.
$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.