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Jason English of Goldman Sachs asks about category growth slowing from 3-4% to about 3%; how much is volume vs. price related. $PG CFO Jon Moeller said in developed markets over last year, volume growth accelerated a bit, going from zero to 1. Value growth is unchanged at 1. In developing markets value has gone from 9 to 6; volume from 2 to 1.
$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.