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$OSIS' 4Q16 SG&A expense was up 5%. R&D expense was down YoverY in absolute dollars, but rose to 5.4% as a percentage of sales. Effective tax rate was 23.9% in the quarter. Impairment, restructuring and other charges were $6.4MM, including severance costs, impairment charges, and acquisition and legal costs.
$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.