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$STX said the total pretax charges for the plan will be about $164MM in FY17. The restructuring activities and global footprint consolidation underway should enable the company to be operating within its targeted Non-GAAP product gross margin range of 27-32% by the December 2016 quarter. Seagate will report its 4Q16 results on Aug. 2, 2016.
$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.