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$GE plans to buy Denmark-based rotor blades maker LM Wind Power from London-based private equity firm Doughty Hanson for $1.65Bil. The deal in-sources wind turbine blade design and manufacturing for $GE's Renewable Energy business. $GE expects to close the transaction in 1H17. $GE expects the acquisition to add to its earnings in 2018.
$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.