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New York-based specialty athletic retailer $FL reported a higher 1Q16 profit as an increase in the number of stores drove revenue. "...We remain confident that we can achieve a mid-single digit comparable sales gain and a double-digit earnings per share increase for 2016," said Chief Financial Officer Lauren Peters.
$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.