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Discount retailing company $DG posted higher 4Q15 net income of $376MM, or diluted EPS of $1.30 vs. $355MM, or diluted EPS of $1.17 in 4Q14, helped by higher income before income taxes and increased income tax expenses. Net sales rose 7% to $5.29Bil vs. $4.94Bil in 4Q14, helped by sales increases in Consumables, Seasonal and Home Products segments.
$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.