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$DRI 4Q15 PR: Total sales were $1,878.3MM vs. $1650.1MM in 4Q14; and earnings from continued operations were $118.1MM vs. $48.4MM in 4Q14. Net earnings for the quarter were $105.3MM vs. $86.5MM in 4Q14. Excluding the 53rd week, sales increased 6.3% & adjusted earnings per diluted share increased approx. 87%.
$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.