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Morgan Stanley analyst Simeon Gutman asks $SPLS to give an update on $300MM cost savings and whether the return to earnings growth is in terms of positive EBIT or EBITDA growth. CFO Christine Komola says that earnings growth would be on the bottom line. $SPLS says that some of the cost savings will go to shareholders & some to invest in business.
$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.