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$VFC 2Q15 PR: Diluted earnings per share were $0.40 vs. $0.36 in 2Q14. VF’s BoD declared a quarterly dividend of $0.32 vs. $0.26 per share in 2Q14, payable on Sept. 18, 2015, to shareholders of record on Sept. 8, 2015. Gross margin was 48.3% on a reported basis, down 10 BP vs. 2Q14. Inventories were up 8% vs. 2Q14, in line with expectations.
$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.