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$BF.A $BF.B said that 1Q17 reported net sales fell 5%, while underlying net sales grew 2%. Sales growth was split evenly between volume and price mix and resulted in a 2% increase in underlying gross profit as margin was flattish. Reported GM was hit by a combined effect of last year's divestiture and adverse FX.
$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.