Want to join the conversation?
Engine maker $CMI reported a drop in 1Q16 earnings due to lower sales across its segments. Net income fell to $321MM or $1.87 per share from $387MM or $2.14 per share last year. Net sales dropped 9% to $4.29Bil, due to lower output in the North American heavy-duty truck market and weak global demand for off-highway and power generation equipment.
$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.