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Cleaning, food-safety and pest-control services provider $ECL reported a 1% decline in 1Q16 earnings due to lower sales and unfavorable currency effects. Net income slid to $230.8MM from $233.4MM last year, while EPS remained flat at $0.77. Sales fell by 6% to $3.1Bil. Adjusted EPS decreased to $0.77 from $0.80.
$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.