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New Jersey-based company $CMN said US GAAP earnings grew 23% in 4Q16 and sales increased by over 18%. Adjusted net income increased by 26% over 4Q15 to $21.2MM. For FY16, sales increased by 17.7% and organic growth grew by 12.7% while adjusted GM expanded by 150BP. Adjusted operating income grew by 20.8% for FY16.
$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.