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During 4Q15, $XRAY said that sales, excluding precious metals fell 6.5% vs. 4Q14, as internal growth of 100 BP and net impact from acquisitions of 50 BP were more than fully offset by unfavorable currency translation of 800 BP. Reported internal growth of 1% was negatively impacted by approx. 110 BP from discontinued product lines.
$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.