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For full-year 2016, $STJ expects gross profit margin to be 69-69.5%. This outlook includes weakness in the US CRM business, a 60BP improvement related to medical device excise tax suspension and a 50-70BP decline driven by negative currency environment.
$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.