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$BF.B's underlying gross profit grew 6% in 2Q16 as better price/mix was offset by higher cost in the first half of FY16. $BF.B expects the rate of cost increases, particularly related to Woodford Reserve family of brands, to ease in the back half and help drive modestly better gross margins for the full year of FY16.
$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.