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$WYN's expenses for 2015 rose by 4.2% from last year. Foreign currency favorably impacted expenses by $128MM. Excluding foreign currency, expenses rose primarily from higher expenses from operations, incremental expenses from acquisitions at its hotel group and destination network businesses, and costs from termination of hotel group contract.
$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.