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The largest U.S. supermarket chain by revenue $KR said 3Q15 profit rose 18% to $428MM, or $0.43 per share, helped by lower costs and higher same store sales. Total sales for 3Q15 increased 0.4% to $25.1Bil compared to $25Bil for the same period last year, driven by lower retail fuel prices.
$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.