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$WHR's biggest segment, North America, 2Q16 segment profit grew 18.5% versus 2Q15. EMEA segment profit fell 9.8%, negatively impacted by foreign currency and acquisition integration costs. Latin America segment profit grew 38.9% in the quarter. Asia segment profit fell 40.7%, negatively affected by acquisition integration costs.
$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.