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$CHD reported 1Q16 earnings of $113MM, or $0.86 per share, compared to $107.2MM, or $0.80 per share a year ago. First quarter reported net sales increased $36.7MM or 4.5% to $849.0MM. Gross margin increased 80 basis points to 44.6%, benefited primarily from lower commodity prices, the company said.
$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.