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In 3Q15, $PM's cigarette shipment volume down by 1.5% excluding acquisitions. The decline was principally due to Asia, Indonesia, Japan & Pakistan. Net inventory movements were slightly unfavorable, reflecting unfavorable distributor inventory movements in Japan. Excluding these inventory movements, $PM's cigarette shipment volume down by 1.1%.
$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.