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$PG 4Q15 PR: The Company expects core EPS to be slightly below to up mid-single digits vs. FY15 restated core EPS of $3.77. PG expects all-in GAAP EPS to be up 53-63% vs. FY15 all-in GAAP EPS of $2.44. Reported GM decreased 10 BP, including 30 BP of non-core restructuring charges. Operating profit margin decreased 280 BP.
$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.