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$MRK 2Q15 PR: Worldwide sales were $9.8Bil, a decrease of 11% vs. 2Q14, including a 7% negative impact from foreign exchange and a 7% net unfavorable impact from acquisition and divestures. GAAP net income was $687MM, or $0.24 per share, vs. $2,004MM, or $0.68 per share, in 2Q14.
$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.