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$VLO's operating revenue dropped 33% and cost of sales decreased by 37% for FY15 from the previous year. This decline was primarily due to a decrease in refined product prices and crude oil feedstock costs. Despite the decrease in operating revenues, cost of sales decreased to a greater extent resulting in an increase in operating income.
$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.