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Railroad operator $NSC reported a 25% jump in 1Q16 earnings driven by its commitment to streamline operations, reduce expenses and maintain superior customer service levels. Net income rose to $387MM or $1.29 per share from $310MM or $1.00 per share last year. Total railway operating revenues fell to $2.42Bil from $2.57Bil.
$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.