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$SYY said that the increase in 2Q16 operating income was impacted by lower OpEx attributable to certain items, primarily merger and integration planning expenses that were applicable in FY15 through 1Q16, as well as gross profit growth. 2Q16 adjusted operating income was higher than 2Q15, mainly due to gross profit exceeding OpEx growth.
$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.