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Jeff Zekauskas of JPMorgan asks whether RFID revenues be higher or lower in 2H16 than in 1H16 given that $AVY grew 50% in 2Q16 and expects to grow 30% for 2016. CEO Mitch Butier said that they will be higher in 2H16, but most of the growth will be in 3Q16. He added that the company still expects some modest growth in 4Q16.
$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.