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During 3Q16, $NDSN's GM was 56%, a 2 percentage point improvement from 3Q15, driven largely by volume leverage and product mix. Operating profit was $124MM and operating margin was 25%, up 3 percentage points from 3Q15. This improvement in operating margin was helped by volume leverage and a range of continuous improvement initiatives.
$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.