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$XRX said GM was down 130 BP YoverY, driven by declines in Document Technology and mix of services having lower GM structurally. Services revenue grew 1% or 2% to constant currency. Total signings in 1Q16 were down 11% YoverY, hurt by fewer renewal opportunities in the quarter and total contract value of new business signings was up 6% YoverY.
$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.