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Medical laboratory operator $LH reported a jump in 1Q16 earnings driven by strong demand and inclusion of Covance's financial results. Net income rose to $160.2MM or $1.55 per share from $3.1MM or $0.04 per share last year. Revenue grew to $2.37Bil from $1.79Bil. Adjusted EPS increased to $2.02 from $1.76.
$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.