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Apparel and home furnishing retailer $JCP said that its comp store sales for the combined nine-week Nov. and Dec. period resulted in a 3.9% increase YoverY, corresponding to a 7.6% two-year stack of comp store sales for same period last year. $JCP reaffirmed its FY15 adjusted EBITDA target of $645MM and plans to generate positive free cash flow.
$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.