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Julie Yates of Credit Suisse asks if $ALK needs to get to a single contract to recognize any synergies from the Virgin America deal. COO Ben Minicucci said it will be a 12-month process at the minimum before the company gets to some common labor agreements and integrated seniority list, and $ALK will be able to extract more synergies after that.
$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.