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$VRA narrowed its FY17 net revenues outlook to range of $510-515MM from prior range of $510-520MM. $VRA lowered its EPS guidance to range of $0.88-0.92 from prior range of $0.90-0.98 and its gross margin forecast to range of 57.3-57.5% from prior range of 57.7-58.2%.
$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.