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Transportation company $CSX posted lower 3Q16 results, hurt by lower volume and lower revenue. $CSX said net income fell 10.25% to $455MM, or $0.48 per share from $507MM or $0.52 per share a year ago. Revenue fell 7.79% to $2.71Bil, driven primarily by an overall 8% volume decline, including coal volume decline of 21%.
$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.