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$HON, which makes aerospace parts and climate control systems, said its YoverY segment profit for Aerospace in 4Q15 was up 29% driven by OEM incentives last year. Automation & Control Solutions segment profit was flat YoverY while Performance Materials & Technologies segment profit was up 9% and its margins rose 380 bps to 20.3%.
$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.