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For 4Q15, $GWW expects sales to be in the range of (3%) to 0.5% & an operating margin contraction of 195-250 basis points. For the full-year 2015, $GWW expects sales to be in the range of (0.5%) to 0.5% & an operating margin contraction of 85-100 basis points. Clean energy investments are expected to contribute $0.09 per share to earnings for 2015.
$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.