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$VMC stated that selling administrative and general (SAG) remains roughly in line with plan and declining as a percent of sales. Direct salary and wage costs for SAG, headcount have remained flat in 2015. The company does not expect the rise in pension and other post-retirement benefit cost that it had this year to reoccur next year.
$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.