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Cardiovascular medical devices company $STJ posted net earnings of $113MM or $0.39 per share in 4Q15, down sharply from $245MM or $0.84 in 4Q14 hurt by lower operating profit. Net sales rose 1% to $1.44Bil. Adjusted net earnings were $292MM or $1.02 per share in 4Q15. On a constant-currency basis, net sales increased by 7% over 4Q14.
$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.