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$MCD expects to realize net annual G&A savings of about $500MM from its G&A base of $2.6Bil at the beginning of 2015, the vast majority of which is expected to be realized by the end of 2017. The company expects to realize a cumulative total of about $150MM in savings by 2016-end, with about half of these savings already achieved in 2015.
$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.