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In 2Q16, $HPQ signed an agreement with Open Text Corp. to divest some technology assets, including licensing and distribution rights, for some software offerings for $170MM. The US part of the divestiture was completed in 2Q16. The sale is expected to be completed in the remaining regions in 3Q16.
$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.