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$FLS said bookings of its biggest segment Engineered Product Division (EPD) fell 14.3% when compared to prior year to $424.5MMM. Bookings of its Industrial Product Division fell 16.1% to $207.7MM when compared to the prior year. Bookings of its Flow Control Division (FCD)declined 4% to $310MM when compared to 1Q15.
$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.