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$XRX 2Q15 Call: Gross margin of 31.5%, was down 100BP YoverY, driven by lower technology gross margin. RD&E was modestly lower YoverY; and SAG in absolute dollar terms was down 6%, helped by currency. However, as a percent of revenue, SAG was up 30BP YoverY to 19.7%, as productivity benefits were more than offset by investments in services.
$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.