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Tire maker $GT reported a 4Q15 loss compared to a profit last year, due to loss on deconsolidation of Venezuelan subsidiary as well as higher tax benefits in 4Q14. Net loss was $380MM or $1.42 per share compared to $2.13Bil or $7.68 per share last year. Net sales fell to $4.06Bil from $4.36Bil. Adjusted EPS rose to $0.93 from $0.59.
$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.