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Freight revenues for 2015 rose by $4MM or 2.3% compared with 2014, primarily due to increased pounds shipped. Based on current trends, $LUV currently expects freight revenues in 1Q16 to be comparable to 4Q15. The company said while some yield softness has continued into Jan., demand for low-fare air travel thus far remains strong.
$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.