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$CAG 4Q15 PR: Private Brands sales were $1,019MM compared to $1,029MM in 4Q14 & operating loss was $24.7MM vs. loss of $573MM in 4Q14. Including the benefit of the extra week, sales increased 4% as reported, with volume up 5%, 1% favorable impact from price/mix, and 1% unfavorable impact of foreign exchange.
$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.