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$CMI reported a 10% fall in 2Q16 revenue which in turn hurt its profit. The company. which makes engines, filtration, and power generation products, attributed the setback to lower truck production in North America and weak global demand for off-highway & power generation equipment. 2Q16 EPS fell to $2.40 from $2.62 while revenue fell to $4.5Bil.
$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.