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$XRX said Document Technology segment revenue was down 7% in actual currencies and 6% in constant currency in 2Q16 while services revenue was down 1%. Services segment profit was up 38% YoverY as margin improvement offset revenue pressure. Supplies revenue was down 6% YoverY. Document Technology margin was 12.6%.
$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.