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Sports clothing and accessories company $UA reported diluted loss per share of $0.12 for Class A and B shares and diluted EPS of $0.15 for Class C shares, reflecting the impact of a $59MM stock dividend paid to Class C shareholders during 2Q16. Net income fell 58% to $6MM versus $15MM last year. Net revenue was $1Bil, up 28% from $784MM in 2Q15.
$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.