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$SYY said that acquisitions increased sales by 0.9%, while FX negatively impacted sales by 1% in 3Q16. US dollar strength against the Canadian dollar was responsible for the majority of the FX impact. The negative impact is reducing as the company began to wrap the initial decline in relative value of the Canadian dollar.
$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.