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$FAST said its 1Q16 gross profit, as a percentage of net sales, fell versus 1Q15, mainly due to product and customer mix. Operating and administrative expenses were unchanged versus 1Q15. Income tax, as a percentage of earnings before income tax, was about 36.8% for 1Q16.
$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.