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$STX's gross margin for 2Q16 increased by about 100 basis points from last quarter, as a result of improved product mix, partially offset by price erosion. On YoverY basis, gross margin decreased to 25% from 28%, as a result of price erosion, partially offset by improved product mix.
$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.