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$NKE stated that demand creation increased 25% in 1Q17, mainly driven by investment around the Olympics and the European football championships. The effective tax rate for 1Q17 was 2.5%, significantly lower than last year, mainly due to a one-time benefit related to the resolution with the IRS of a foreign tax credit matter.
$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.