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Internet search giant $GOOG $GOOGL posted higher 1Q16 results helped by higher revenues. For the quarter, net income rose 19.6% to $4.20Bil or $6.02 per share, up from $3.52Bil, or $5.10 per share a year ago. Revenue rose 17.3% to $20.26Bil. Excluding items, the company earned $7.50 per share.
$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.