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$LNN's 3Q16 US irrigation revenues of Irrigation segment were $73.4MM, down 18% vs. 3Q15 due to the combined effect of lower irrigation equipment volume & reduced market pricing. This resulted from passing through lower steel costs. Infrastructure segment revenues were $24MM, decreasing 18% from 3Q15, due to fewer larger Road Zipper System project.
$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.