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Restaurant chain operator $BOBE reported lower earnings in 4Q16 due to higher OpEx and impairments compared to 4Q15. On a GAAP basis, net income was $0.6MM or $0.03 per diluted share, compared with net income of $5.6MM or $0.24 per diluted share in 4Q15. 4Q16 net sales was $345.6MM and non-GAAP diluted EPS was $0.48.
$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.