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Nutrition giant $MJN reported a fall in quarterly net income, but profit rose on lower share count. $MJN reported 2Q16 earnings of $155.1MM, or $0.83 per share, compared to $162.9MM, or $0.80 per share a year ago. Sales fell 9% to $941.5MM on foreign currency, new product testing standards in China, and an increase in trade investments in China.
$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.