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$WOR's 3Q16 Steel Processing net sales dipped 16% to $419MM vs. 3Q15, hurt primarily by lower ASPs. Pressure Cylinders' net sales fell 19% $200.7MM vs. 3Q15, hurt by a 75% volume decrease in the Oil & Gas Equipment business. Engineered Cabs' sales fell 44% vs. 3Q15 due to declines in market demand and the closure of the Florence, SC facility.
$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.