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$MCD said that for 3Q16, it expects to incur approx. $130MM in pretax charges or about $0.12 per share on an after-tax basis, consisting of restructuring & non-cash impairment charges related to its global G&A & re-franchising initiatives. The company also expects to incur additional strategic charges in future related to these ongoing initiatives.
$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.