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Stephen Volkmann of Jefferies asks whether $ITW has got any additional restructuring plan for 3Q16 and 4Q16. CFO Michael Larsen answered that restructuring is expected to be $60-70MM for the year. Given the current levels of demand, the company does not expect any significant changes to this range in 3Q16 and 4Q16.
$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.