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On Oct. 1, 2015, $CAG announced a restructuring plan to realize efficiency benefits through a combination of reductions in SG&A expenses and enhancements to trade spend processes and tools. It estimates to incur total non-recurring charges of about $345MM over the next two to three years in connection with the restructuring.
$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.