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$JCP CEO Marvin Ellison said that comp store sales grew 4.1% in 4Q15, 9th consecutive quarter of growth. He added 4Q15 results were driven by record online performance, an excellent merchandise assortment and disciplined expense management, which led to a 40% increase in adjusted EBITDA for the quarter.
$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.