Want to join the conversation?
Non-alcoholic beverages producer $CCE reported a rise in 4Q15 earnings driven by income tax benefit, despite a 15.5% drop in sales. Net income rose to $156MM or $0.67 per share from $112MM or $0.46 per share last year. Sales fell to $1.63Bil from $1.93Bil, due to lower volume and pricing. Non-GAAP EPS decreased to $0.53 from $0.58.
$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.