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$YUM stated that the spinoff and concurrent completion of the investments are expected to occur on Oct. 31, 2016, with Yum China to commence trading on NYSE as an independent company on Nov. 1, 2016, under the ticker symbol "YUMC." The founder of Primavera Dr. Fred Hu will become Non-Executive Chairman of the Board of Yum 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.