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$HON, which plans to spin off its $1.3Bil Resins and Chemicals business, said the transaction is expected to complete by early 2017. Share owners will receive AdvanSix shares tax-free in addition to the $HON shares they already own. Erin Kane, who heads the Resins and Chemicals, will serve as CEO of AdvanSix, the company said.
$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.