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For full-year 2016, $FOXA's total adjusted revenues were $27.3Bil, up 1% vs. 2015 and up 4% excluding the negative impact from FX. These increases were from higher revenues at Cable Networks and Television segments, partially offset by reductions in Film business. Segment adjusted OIBDA rose 2% to $6.6Bil vs. 2015, led by Cable Networks.
$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.