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Financial services firm $INTL said it has signed a deal with Sterne Agee, a subsidiary of $SF, to acquire Sterne Agee securities clearing business and wealth management business for a price equal to tangible NAV of the combined businesses. $INTL expects the businesses to produce a non-material loss in first year and add to earnings in second year.
$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.