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$GNW reported that the settlement will include full release of all defendants related to the allegations made in the lawsuit. As per the agreement, company will pay $219MM, of which $150MM will be paid by its insurance carriers and $69MM pre-tax will be paid by company.
$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.