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Electronic design company $JBL reported an increase in net income to $78.9MM or $0.41 per share in 2Q16 compared to $52MM or $0.27 per share in 2Q15 helped by higher revenues and operating income. Net revenue grew 2% to $4.4Bil from last year. Core earnings was $109.3MM and core diluted EPS was $0.57 in 2Q16.
$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.