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$TECH's GAAP operating margin for 4Q16 declined to 29.7% from 32.1% last year. GAAP operating margin compared to prior year was negatively impacted by the mix of lower-margin acquisitions made in FY16, investments made to drive long-term revenue growth, as well as higher stock based compensation.
$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.