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James Picariello of KeyBanc Capital Markets asks for an update on margins. CFO Andy Lampereur said $ATU expects margins to be up roughly in the 25-50 BPs next year and it will be back-end loaded. He added that the absorption will be low in 1H17. The company is going to see restructuring savings kicking in, in 2H17 midway through 3Q17.
$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.