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In 1Q16, $RAI posted net sales of $2.91Bil, up 41.8% from 1Q15. Adjusted net income was $721MM and adjusted EPS was $0.50 in 1Q16. Adjusted EPS was up 16.3%, benefitting from the addition of Newport and higher cigarette and moist-snuff pricing and volume.
$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.