Want to join the conversation?
Wells Fargo analyst Stephen East questions $PHM on what specific actions it is taking on overhead leverage & how will it trend over the next 18 months. CFO Bob O'Shaughnessy says that $PHM is looking at reducing overhead costs throughout the operation. The actions intended for this will be taken in 3Q16 & the new run rate will be in place for 4Q16.
$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.