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For 1Q16, $ADBE's Subscription revenue rose 50% to $1.07Bil vs. $713MM in 1Q15, while Product revenues fell approx. 30% to $201MM vs. $290MM in 1Q15. The company posted increased revenue in the Services and Support segment of 6.6% to $111.97MM vs. $104.96MM during 1Q15.
$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.