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Pharmaceutical company $MYL posted a decline in its 1Q16 earnings, hurt by higher operating expenses and acquisition related expenses completed in 2015. $MYL said net earnings fell to $13.9MM, or $0.03 during the quarter compared to $56.6MM, or $0.13 per share during 1Q15. Revenue rose by 19% on a constant currency basis to $2.19Bil.
$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.