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$GIII lowered its FY17 net sales outlook to about $2.48Bil from prior estimate of about $2.56Bil and its net income outlook to range of $102-106MM from prior range of $120-125MM. The company reduced its FY17 EPS guidance to range of $2.16-2.26 from prior forecast of $2.55-2.65.
$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.