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Homebuilder $LEN reported a rise in 2Q16 earnings driven by an increase in the number of home deliveries and higher average sales price of homes delivered. Net income rose to $218.47MM or $0.95 per share from $183.02MM or $0.79 per share last year. Total revenues grew to $2.75Bil from $2.39Bil.
$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.