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$CL said operating profit grew to $867MM in 1Q16 versus $860MM in 1Q15. Excluding charges from the 2012 Restructuring Program in both periods, operating profit fell 4% to $922MM in 1Q16. Operating profit margin was 23% in 1Q16 versus 21.1% in 1Q15. Excluding charges from the 2012 Restructuring Program, operating profit margin was 24.5% in 1Q16.
$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.