Want to join the conversation?
During 4Q15, $MNK reported adjusted gross profit of $639MM, which was up $191MM YoverY with adjusted gross profit as a percentage of net sales at 72% vs. 67% in 4Q14. SG&A for 4Q15 was $303MM compared to $252MM in the prior year quarter. Adjusted SG&A as a percentage of net sales for the quarter was 27.5%, an improvement of 110 BPs over 4Q14.
$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.