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Lodging company $MAR said it expects comparable systemwide RevPAR on a constant dollar basis in North America, outside North America and worldwide to grow 2-4% in 1Q16 and 3-5% for 2016, likely to the upper end of the 2016 range. Gross worldwide rooms will grow 8% gross or 7% net for 2016. The outlook excludes the impact of the Starwood deal.
$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.