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Patrick Nolan of Deutsche Bank asks about the longer-term margin outlook. $HAR said it expects margin expansion from 2017 to 2018 but it is more muted as the growth is lower between 2017 and 2018. Looking at projections between 2018 and 2019, $HAR expects revenue growth. Looking across the portfolio, $HAR sees strong leverage on revenue growth.
$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.