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$JEC, which competes with $FLR and $FWLT, said that its focus of restructuring has been to simplify the company globally and to enhance cost effectiveness. $JEC's efforts continue to be focused on fixed cost infrastructure, primarily in labor and real estate. The company now forecasts the total one-time cost of restructuring to be $150MM in 2016.
$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.