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An Energy holding company, $TE yesterday completed the long-awaited sale of its coal subsidiary, Teco Coal LLC to Cambrian Coal Corp. No upfront purchase payment in the deal, but includes future contingent consideration of $60MM if certain coal benchmark prices reach certain levels over the next five years.
$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.