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Specialty retail company $LB said that on April 18, 2016, it completed the acquisition of 100% of the shares of American Beauty Limited for a total purchase price of $44MM. This agreement includes the reacquisition of the franchise rights from one of its partners to operate Victoria's Secret Beauty and Accessories stores in Greater China.
$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.