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$MLM 2Q15 Call: Strong pricing, cost reductions in the Heritage business coupled with continued synergy realization and profit contributions from the acquired businesses drove record net sales and earnings from operations, as well as 100 BP expansion in consolidated GM. Wet weather conditions reduced 2Q15 consolidated gross profit by nearly $40MM.
$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.