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In 1Q16, $CSX posted revenues of $1.73Bil in its Total Merchandise division, a decline of 4% from 1Q15. In Coal, revenues dropped 37% to $399MM and in Intermodal, revenues fell 2% to $405MM as compared to 1Q15. In the Other segment , revenues decreased 52% to $80MM from last year.
$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.