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Alvin Concepcion with Citi asks about the May same store sales and where it falls within the range for 2016. $BIG said that thinking about May, the company had planned May below its guidance, considering Memorial Day comes a weeks later. All marketing efforts focused on Memorial Day are shifted or are different YoverY because of timing.
$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.