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Engineered materials and components maker $NX posted a loss for 3Q16, hurt by higher interest expense related to the debt refinancing. $NX said the company posted a net loss of $3.98MM, or $0.12 per share compared to a net income of $6.93MM or $0.20 per share a year ago. Net sales rose 38% to $248.09MM.
$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.