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$VNO said that fair value earnings of its real estate fund fell by $5.2MM QoverQ. The company is carrying $1.9Bil of cash, $900MM more than 1Q15. Adjusting for these items, pro forma comparable FFO per share would have been $0.10 higher, a 9.3% rise from 1Q15.
$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.