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For the full-year FY16, $SJM expects net sales to be $7.9Bil, an increase of approx. 38% reflecting a full-year contribution from Big Heart and an increase of approx. 3% on the remainder of the businesses vs. FY15. The company expects non-GAAP diluted EPS to be $5.70-5.80 and adjusted non-GAAP diluted EPS to be $6.85-6.95 for full-year FY16.
$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.