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$COO said on a non-GAAP basis, 2Q16 SG&A was $171.6MM or 35% of revenue, down from about 37% of revenue in 2Q15, mainly due to strong SG&A controls. R&D on a non-GAAP basis was $16.6MM or 3.4% of revenue, down from 3.8% of revenue in prior year. In 2Q16, net currency impact on EPS YoverY was a favorable $0.10.
$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.