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$NSC 2Q15 Call: The effect of sustained lower surcharges and continuing challenges in coal markets drove operating revenues down $329MM or 11%. Operating expenses declined by $124MM which only partially offset the lower revenues, resulting in a 20% reduction in income from railway operations and a 70% operating ratio.
$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.