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$LUK said National Beef has terrific 2Q, continuing the momentum from earlier this year. Pretax income of $62.9MM for 2Q reflects a more balanced dynamic between supply of available cattle and demand for beef. The upturn at National Beef is substantial and $LUK believes will be sustained for the foreseeable future.
$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.