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Mass media and entertainment company $DISCA $DISCB $DISCK posted a 5% YoverY jump in 1Q16 net income available to Discovery Communications, Inc. to $263MM, or $0.42 per diluted share. Adjusted EPS, which excludes the impact of amortization of acquisition-related intangible assets, was up 10% to $0.46. Revenues grew 1.5% YoverY to $1.56Bil.
$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.