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$UA said its BoD approved payment of $59MM dividend to Class C non-voting common stockholders in satisfaction of settlement agreement entered in connection with shareholder litigation related to creation of Class C stock. The BoD approved payment of dividend in form of additional Class C shares, with cash in lieu of any fractional shares.
$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.