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In FY16, $DV said that it closed or consolidated 21 DeVry University locations and reduced the total headcount by more than 750 positions bringing the total reduction to more than 1,400 positions over the past two years. The company recovered 99% in expenses for every dollar of lost revenue for a total reduction in cost of $181MM during FY16.
$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.