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$TIF 1Q15 10-Q: Net sales were $962.4MM vs. $1,012.1MM in 1Q14. Gross profit was $569MM vs. $589.5MM in 1Q14. Earnings from operations were $170MM vs. $209.8MM in 1Q14. Net earnings were $104.9MM vs. $125.6MM in 1Q14. Cost of sales was $393.4MM vs. $422.6MM in 1Q14. SG&A expenses were $399MM vs. $379.7MM in 1Q14.
$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.