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During 3Q15, $MNST's distribution costs as a percentage of net sales were 3.5% for 3Q15 compared with 4.5% same quarter last year. Selling expenses as a percentage of net sales were 10.7%, compared with 10.1% same quarter a year ago. Advertising costs, sponsorships & endorsements as well as commissions & royalties were all higher in the quarter.
$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.