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$TGT said that its 2Q16 adjusted EPS of $1.23 was better than the high end of guidance. Sales fell more than 7% vs. 2Q15, driven by the sale of its pharmacy and clinic businesses to $CVS. Digital sales grew 16%, contributing 0.5 point of its comparable sales growth. Comp transactions fell 2.2%, partially offset by 1.1% increase in average ticket.
$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.