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Energy holding company $NI reported a decline in its 1Q16 results, hurt by lower revenue. $NI said its 1Q16 net income dropped to $179.7MM, or $0.56 per share compared to $268.4MM, or $0.85 per share during the prior year period. Total net revenue declined to $940.1MM during the quarter from $1.08Bil during 1Q15.
$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.