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For 3Q15, net income attributable to $VIPS's shareholders increased by 80% to $50MM. Net income margin attributable to $VIPS's shareholders increased to 3.7% from 3.1% in the prior year period. Gross profit for 3Q15 increased by 54.4% to $339MM and gross margin remained stable at 24.9% compared with the prior year period.
$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.