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During 3Q15, $SNI's total segment profit rose 15.7% to $312.3MM, an increase of $42.3MM compared to last year. Operating expenses include $8.4MM of transaction & integration expenses related to TVN acquisition & $2.8MM of cost related to restructuring program. Excluding these impacts, segment profit would have been $323.5MM, an increase of 19.8%.
$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.