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GDP 1Q15 Third Estimate: The percent change in real GDP was revised up. Real DPI increased 5.3% compared to 4.1% in 4Q14. Personal saving as a percentage of current dollar DPI was 5.4% compared to 4.7% in 4Q14. Corporate profits decreased 5.2% at a quarterly rate. Over the last four quarters, corporate profits increased 4.5%.
$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.