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$BGS agreed to buy spices and seasonings business of ACH Food Companies for about $365MM in cash. The ACH spices and seasonings business includes Spice Islands, Tone's and Durkee brands as well as Weber brand sauces and seasonings. $BGS is also buying a manufacturing facility in Ankeny, Iowa. The purchase will close during 4Q16.
$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.