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For 2Q16, $PLCE expects adjusted loss per diluted share, on a constant currency basis, to be negative $0.28 to negative $0.20. Adjusted GM is expected to leverage 130-180BP compared to last year. $PLCE expects adjusted SG&A to deleverage 70-80BP compared to last year. Adjusted operating margin is expected to leverage 20-80BP versus last year.
$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.