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Industrial Production Update: June manufacturing output remained unchanged. Motor vehicles and parts output declined 3.7%, but production elsewhere in manufacturing was up 0.3%. Indexes for mining and utilities advanced 1% and 1.5% respectively. At 105.7% of 2007 average, total industrial production in June was 1.5% above its year-earlier level.
$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.