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$JOY, which competes with $CAT and $DE, posted a decrease of 27% in orders for original equipment and 20% in service orders during 4Q15. Underground mining machinery bookings fell 10% to $364MM and surface mining equipment bookings dropped 27% to $294MM in 4Q15 versus 4Q14. Backlog was $873MM at 4Q15-end.
$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.