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$UTX 2Q15 Q&A: On a question asked on China by Copeland of Barclays, about how much sequentially UTX is planning on China revenues at Otis being down in 2H15, Akhil answered that for Otis new equipment, we expect China to be down probably low single digit in 2H15 in terms of sales. The positive is the service market continues to grow in China.
$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.