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Santa Monica, California-based REIT $MAC reported 4Q15 net income of $415MM or $2.65 per diluted share versus $1.4Bil or $9.51 per diluted share in 4Q14, with the previous-year quarter helped by a gain on remeasurement of assets of $1.4Bil. Revenue fell 0.7% to $320.8MM. FFO rose 18% to $187.3MM or $1.12 per diluted 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.