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Chinese e-commerce company $BABA reported strong 2Q16 growth across the board with mobile outperforming significantly. Revenue was up 32% YoverY to RMB22,171MM (US$3,488MM). Net income increased 649% YoverY to RMB22,703MM due to a gain of RMB18,603MM ($2,927MM) from the revaluation of $BABA's previously held equity interest in Alibaba Health.
$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.