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During 4Q16, $MSFT's Productivity & Business Processes segment saw a revenue increase of 5%, helped by a rise in office commercial/consumer products & cloud services revenue. Intelligent Cloud revenue rose 7%, helped by an increase of 102% in Azure revenue for 4Q16. More Personal Computing revenue fell 4% due to a 71% decline in phone revenue.
$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.