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In 4Q15, $BK had an after-tax impairment charge of $0.10 resulting from a court decision related to the $312MM secured loan to Sentinel Management Group. $BK received the outstanding amounts but after an appeal the lien on collateral supporting the loan was invalidated resulting in an unsecured claim. $BK took an impairment charge of $170MM pretax.
$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.