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Specialty contracting services provider $PWR reported a 4Q15 loss compared to profit last year, due to lower revenue, and asset impairment charges. Net loss was $5.07MM or $0.03 per share compared to profit of $66.58MM or $0.30 per share. Revenue fell to $1.9Bil from $2.03Bil. Adjusted EPS from continuing operations slid to $0.30 from $0.48.
$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.