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Casual dining restaurant chain $DRI posted lower 3Q16 net income of $105.8MM or $0.82 per diluted share vs. $133.8MM or $1.05 per diluted share in 3Q15. Adjusted diluted EPS from continuing operations rose 22.2% to $1.21. Total sales rose 6.74% to $1.85Bil vs. $1.73Bil in 3Q15, helped by higher sales and profits in all the segments during 3Q16.
$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.