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$EMR's Industrial Automation sales for 2Q16 fell 10% reflecting continued weakness in industrial and upstream oil and gas spending. Network Power underlying sales were down 1%, while Climate Technologies underlying sales rose 2% for the quarter, driven by the US residential and commercial air conditioning business, which was up 10%.
$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.