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Helane Becker of Cowen & Co probes whether there are extra people on the board relative to the merger and consolidation with US Airways. CEO Douglas Parker said that there are areas where $AAL has extra headcount to make sure that operations are running smoothly and for completing integration. He added that over time, headcount will come down.
$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.