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Aviation support company $AIR posted lower 1Q17 results, hurt by higher expenses and loss from discontinued operations. $AIR said net income fell 58.5% to $9.5MM or $0.28 per diluted share from $22.9MM or $0.65 per diluted share a year ago. Net sales rose 4.68% to $404.8MM.
$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.