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$MU's 2Q16 Non-Volatile trade revenues fell 6% vs. 1Q16, mainly due to an approximate 15% dip in ASPs. This was partially offset by a hike in sales volume. The company's overall 2Q16 consolidated GM was 20%, down 5% vs. 1Q16. This decrease was mainly due to lower ASPs, partially offset by manufacturing cost reductions for Non-Volatile products.
$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.