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During the 9 months ended Sept. 30, 2015, lump-sum distributions to participants of the U.S. Defined Benefit Pension Plan exceeded the sum of the service cost & interest cost components of net periodic pension cost. As a result, $FLR recorded a pre-tax settlement charge of $9MM during 3Q15. The distributions were funded by assets of the U.S. Plan.
$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.