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Electro-optical technology products manufacturer $GNTX said that during 1Q16 the company paid down $15MM on its revolver loan, additionally to the scheduled principle repayment on the company's term loan. Engineering, research & development and SG&A expenses rose 7% for the quarter to $23.1MM and 14.8MM respectively.
$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.