Want to join the conversation?
$CATO's gross margin for 1Q16 increased 30 basis points to 42.6% of sales from last year, primarily due to higher merchandise margin in the quarter. The effective tax rate fell 670 basis points to 28.5% from 35.2%, due to favorable adjustments to the effective tax rate as a result of tax initiatives.
$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.