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$SHLD, which owns retail store brands Sears and Kmart, forecast 4Q15 revenue to fall 31% to $7.3Bil, citing a "challenging" holiday selling season. The company said warm weather and intense competition pressured margins, leading to same store sales declines, particularly in its apparel and related softlines businesses.
$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.