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Security systems company $TYC posted higher earnings in 3Q16 due to higher income from continuing operations. Net income was $239MM or $0.56 per diluted share vs. $156MM or $0.37 per diluted share in 3Q15. Revenue fell 2% to $2.45Bil vs. 3Q15, hurt by lower revenues in Rest of World Integrated Solutions & Services and Global Products segments.
$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.