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$AZO said its net sales were $2.6Bil for 3Q16 ended May 7, 2016, an increase of 4% from 3Q15. Domestic same-store sales, or sales for stores open at least one year, increased 2% for 3Q16. Net income grew 6% over the same period last year to $327.5MM, while diluted EPS increased 12.6% to $10.77 per share from $9.57 per share in 3Q15.
$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.