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Net income in 4Q15 was $767MM or $1.73 per diluted share, compared to $697MM or $1.58 per diluted share last year. FY15 net income was $2.38Bil or $5.37 per diluted share. Net income this year was positively impacted by a $57MM tax benefit relating to a 2Q15 special cash dividend received by $COST's 401(k) plan participants.
$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.