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Kenneth Zaslow of BMO Capital Markets asks about operating leverage. $GIS stated that it had strong plant and manufacturing performance. The company believes its strong margin performance will help reinvestment in high return ideas going forward. The launch of new products and cost-savings initiatives will drive operating leverage.
$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.