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In Aug. 2015, $MMM modified the Retiree Welfare Benefit Plan postretirement medical benefit reducing benefit for participants retiring after Jan. 1, 2016. The Retiree Medical Savings Account (RMSA) will no longer be credited with interest & indexation on both RMSA & Medicare Health Reimbursement Arrangement will be reduced by half to 1.5% per 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.