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Construction materials company $VMC reported a jump in 2Q16 earnings driven by continued strong earnings growth and margin expansion despite below-trend shipment growth. Net income rose to $123.75MM or $0.91 per share from $48.16MM or $0.36 per share last year. Total revenues grew to $956.83MM from $895.14MM. Adjusted EPS rose to $0.90 from $0.65.
$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.