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$NWL said that over the next 2 to 3 years, it expects to exit the product lines of Newell Brands and Jarden businesses with roughly $250-300MM of revenue. $NWL anticipates some portion of these product lines exit to occur in 2016. $NWL expects that creation of Newell Brands to deliver at least high single digit accretion over the first 12 months.
$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.