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$CSCO reported improved earnings in 4Q16, helped by higher operating income compared to 4Q15. Net income was $2.8Bil or $0.56 per diluted share compared to $2.32Bil or $0.45 per diluted share last year. Revenue fell 2% from last year to $12.6Bil in 4Q16. Non-GAAP basis net income was $3.2Bil or $0.63 per diluted share.
$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.