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$EW is making significant investments in manufacturing capacity inside and outside the US, including its new facility in Costa Rica. These capacity investments moderately reduced gross profit margin in 2Q16 and are likely to have a negative impact into 2017. These impacts are reflected in 2016 GM guidance of 73-74%, excluding special items.
$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.